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Cost of living crisis

With more Brits retiring early, the Bank of England warns of a shrinking workforce — and rising inflation

by Stephen Beard
Jan 17, 2023
A surge in the number of early retirees threatens to prolong inflation in the U.K.
The Bank of England, seen above, warns that a shrinking workforce and prolonged labor shortages could drive up inflation.
Ben Stansall/AFP via Getty Images
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A battered world economy faces a "polycrisis"

by Savannah Peters
Jan 11, 2023
The World Economic Forum's new report identifies a long list of interconnected economic threats that could feed off of and worsen each other. But there is a caveat.
Sergei Supinksy/AFP via Getty Images
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Crisis at Christmas: Strikes disrupt the U.K. during the festive season

by Stephen Beard
Dec 29, 2022
During a wave of industrial unrest, triggered by the cost of living crisis, striking workers voice their discontent from the picket line.
Workers strike outside a mail-sorting office not far from London. The now-privatized Royal Mail service says it can't afford an inflation-matching pay hike.
Mimisse Beard
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How the U.K.’s short-term fixed-rate mortgages are causing deep worry

by Stephen Beard
Oct 26, 2022
The recent firestorm over the British government’s fiscal policies highlighted the vulnerability of some mortgages in the United Kingdom.
Brits typically fix their mortgage interest rates on two- or five-year terms. Many are fearing refinancing because of the recent spike in U.K. interest rates.
Niklas Halle'n/AFP via Getty Images
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