Parliament is back in session, and Andy Burnham is set to put his promise of becoming a “cost-of-living government” into practice. Since 2021, economic and geopolitical instability has led UK households to struggle with a fall in real disposable income and inflation, particularly around food and energy prices.
Families are under sustained pressure to meet essential costs. This pressure is likely to intensify as the US-Iran conflict and disruption around the Strait of Hormuz continue to affect energy prices and the wider economy.
