Elevenses: Gaslighting Britain
From the newsletter: The Tories want to conflate Ukraine and the cost-of-living crunch. Will it work?
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UK inflation jumps to highest level in nearly three decades
Rishi Sunak said the government "understands" the pressures people are facing with the cost of living.
“Is this the end of the boom? No. But the market is undoubtedly pausing for breath.”
“The cost of living crisis is the thing that could destabilise the market. ‘Corrections’ to prices often come from unexpected areas – think of the oil crisis in the 1970s or leaving the ERM in the 90s."
Housing market has strongest start to the year since 2005
A 10% deposit on a typical first-time buyer home is now equivalent to 56% of total gross annual earnings, a record high.
Homeowners struggling with rising mortgage costs urged to contact lenders
Chancellor Rishi Sunak has promised to “take the sting out” of the energy price rises, with a £200 rebate on energy bills.
Bank of England: Households must brace themselves for the biggest annual fall in their standard of living since comparable records began
The sobering announcement has been has been termed 'Black Thursday'.
Scandal-hit Boris ‘wobbling’ on national insurance plans – reports
Tories are piling pressure on the PM to scrap a planned tax hike.
Former Brexit chief: National insurance rise ‘never necessary or justified’
“The tax rises this April were never necessary or justified," former Brexit Secretary David Frost has said.
Brexiteers reminded of cost of living promises one year on from EU exit
There's a "ridiculous report from some lobby group that says the price of food will go up - it will go down", Jacob Rees-Mogg said in 2016.