Oxford Street in London. Retail sales in the UK rose 1. 4 per cent in April, while inflation soared to 9 per cent, the highest rate in 40 years. EPA
Oxford Street in London. Retail sales in the UK rose 1. 4 per cent in April, while inflation soared to 9 per cent, the highest rate in 40 years. EPA
Oxford Street in London. Retail sales in the UK rose 1. 4 per cent in April, while inflation soared to 9 per cent, the highest rate in 40 years. EPA
Oxford Street in London. Retail sales in the UK rose 1. 4 per cent in April, while inflation soared to 9 per cent, the highest rate in 40 years. EPA

Cost-of-living gap between the UK's rich and poor at highest on record, says study


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The cost-of-living gap between the richest and poorest households in the UK has reached the highest since records began in 2006, research suggests.

The Resolution Foundation said the gap in the inflation experienced by the richest and poorest 10th of households grew to 1.5 per cent in April.

The think-tank said the difference illustrates why low-income families are at the sharp end of the UK’s cost-of-living crisis.

Its analysis showed that headline inflation for the poorest 10th of households has now hit 10.2 per cent, compared with the 8.7 per cent rate experienced by the richest 10th of households.

This was said to be because lower income households spend a greater share of their family budgets on energy bills, which are rising sharply.

The foundation said it believed the best targeted support for millions of low-and-middle-income households would come through the benefits system.

“Everyone is feeling the effects of the cost-of-living crisis, which is fuelled by the highest inflation in 40 years," said Jack Leslie, senior economist at the Resolution Foundation.

“With rapidly rising food prices and soaring energy bills driving the recent inflation surge, low-income families are at the sharp end of this squeeze. The cost of living gap between rich and poor households is at its highest level since comparable records began," he said.

“As the government prepares a fresh round of cost-of-living support, it is clear where it’s needed most. The Chancellor should prioritise significant targeted support at low-and-middle-income households.

“Doing so swiftly in the months ahead will be logistically challenging, but it can be done, whether through the benefits system or a heavily-reformed Warm Homes Discount scheme,” he said.

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

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Profile of VoucherSkout

Date of launch: November 2016

Founder: David Tobias

Based: Jumeirah Lake Towers

Sector: Technology

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Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake

Investors: Seed round was self-funded with “millions of dollars” 

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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December 29 - semi-finals
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December 30
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How to wear a kandura

Dos

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  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

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The biog

Favourite film: The Notebook  

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Favourite activities: Walking on the beach, eating at restaurants and spending time with friends

Job: Founder and Managing Director of Mawaheb from Beautiful Peopl

Updated: June 24, 2022, 12:04 PM`