Around 24 million Britons have had to cut back on their residential energy use, and another 16 million have had to cut back on food and other needs as a result of the country’s rising cost of living. However, ethnic minority among those impacted worry the most. According to a new study, Pakistani in UK are up to 3.3 times more likely to live in relative poverty than white people, despite the fact that 90% of adults there report higher living expenses than they did a year ago.
Think tank Runnymede Trust reported in a study titled “Falling faster amidst a cost-of-living crisis,” “Despite only making up about 15% of the population in the UK, more than a quarter (26%) of persons in ‘deep poverty’ (i.e. more than 50pc below the poverty line) Pakistani in UK are in huge crisis.
Since 2021, a perfect storm of high inflation, tax increases, skyrocketing energy costs, and stagnant salaries has produced a cost of living crisis that follows the post-pandemic misery hard times. A significant blow has been dealt by the rising costs of fuel, electricity, and food taken together.
Families are particularly hard hit, according to Habib Shah, a 55-year-old cook who works part-time in a hospital catering department in London. “Even those with steady incomes are concerned.”
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Shah, who is based in Harrow, shares the opinions of many people in his neighbourhood. Weekly food costs for staples like milk, beef, and yoghurt have increased. “The money in the bank is no longer enough to cover our expenses. Overdrafts are now necessary, he said.
He continued by saying that basic goods, such as meat, milk, and yoghurt, which used to cost GBP200 per month, now easily cost GBP300 or more. The monthly cost of gas and energy has increased from GBP60 to GBP158. They are anticipated to surpass GBP200 in the winter.
Families must reconsider their spending patterns in the UK in order to continue providing for loved ones back home due to the country’s declining purchasing power.
Two-fifths of Britons now send money abroad to fewer individuals, according to data published in 2022 by WorldRemit, a digital cross-border remittance company, while a further fifth reported feeling increased pressure from loved ones to send even more money abroad.