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Home RUSSIA USA TRADE NEWS

Rising cost of living sparks massive protests in UK and Ireland — RT World News

by 198 Russia News
June 18, 2022
in RUSSIA USA TRADE NEWS
Reading Time: 2 mins read
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Hundreds of protesters marched in London on Saturday, accusing the federal government of failing to sort out the quickly rising price of dwelling within the UK. Comparable marches occurred in a number of Irish cities, the place residents are dealing with the identical struggles.

Demonstrators marched from Portland Place to Parliament Sq. within the British capital, the place Commerce Unions Congress (TUC) chief Frances O’Grady blamed a long time of austerity insurance policies for rising prices and wage stagnation.

“Costs are skyrocketing, but boardroom bonuses are again to bumper ranges,” she instructed the group. “Everybody who works for a dwelling deserves to earn an honest dwelling, however UK employees are struggling the longest and harshest squeeze on their earnings in fashionable historical past.”

“If we don’t get pay rising throughout the economic system, we’ll simply hold lurching from disaster to disaster. This price of dwelling emergency has not come out of the blue. It’s the results of greater than a decade of standstill wages.”

The TUC claims that the common British employee has misplaced £11,800 ($14,426) in actual earnings since 2008, as pay has not risen to match inflation. 

The protest drew a various crowd, together with Labour Celebration supporters, communists and local weather activists, the latter group holding indicators demanding the federal government insulate homes throughout Britain to offset “gas poverty.” Gasoline prices have risen dramatically within the UK since Prime Minister Boris Johnson voluntarily minimize Britain off from Russian oil and gasoline imports after Moscow launched its army operation in Ukraine in February.

Britons at the moment are paying extra for petrol and diesel than ever earlier than. This comes as inflation reached a 40-year excessive of 9% in April, whereas meals costs alone are predicted to spike by 15% this summer time. In the meantime, a latest report states that family disposable earnings will drop on the quickest price since record-keeping started within the Fifties, and Brits will expertise the steepest decline in dwelling requirements since 1956, in response to the Workplace for Funds Duty.

Among the many demonstrators was a large contingent of Nationwide Union of Rail, Maritime and Transport employees, who introduced a marching band. The union had introduced earlier on Saturday that it might maintain the most important London Underground strikes in 30 years subsequent week, after negotiations failed with the metro community’s operator over pay and advantages.

Simultaneous protests had been organized in a number of Irish cities, together with Dublin, Galway and Cork. Meals and gas costs have additionally been rising in Eire, with the nation additionally experiencing a housing scarcity and homelessness disaster.

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