According to a survey, the number of households in the United Kingdom facing acute financial strain has increased by around 60 percent since October 2022 and is now higher than at any point during the novel Coronavirus pandemics.
According to the survey, around 4.5 million families in the United Kingdom are in serious financial difficulties and a further 20 percent are still struggling to get the data. The findings of the survey illustrate the growing toll being taken by the worst cost of living crisis in a generation.
The pressure on the government of the United Kingdom to do more for the purpose of helping comes amid a period of political turmoil after Boris Johnson, prime minister of the United Kingdom was forced to resign. In May 2022, the government of the United Kingdom announced an extra 15 billion pounds in cost of living support but the calls are continuously growing for additional aid.
A more comprehensive and longer-term plan and is urgently needed to ensure the living standards and do not sink even further. More than half of those, who have polled for the Coronavirus Financial Impact Tracker considering their financial circumstances to be worse than at the time of early Coronavirus pandemic.
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