Resolution Foundation: PM Must Tackle Cost of Energy (Audio)
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Mike Brewer, Chief Economist of the Resolution Foundation think-tank, says the next UK Prime Minister must intervene to bring down the cost of energy for households, rather than favouring another cash payout like the current £400 rebate. Brewer told Bloomberg's Caroline Hepker and Stephen Carroll that disposable income in the UK is going to drop by around 10% over two years as soaring energy bills drive inflation higher. In its latest report, the Resolution Foundation is warning three million more people will enter absolute poverty in the UK, where they can not afford the basics. See omnystudio.com/listener) for privacy information.