In new data, it’s been revealed that overall spending on homelessness has increased by 10.5% since 2021/22 and a majority of councils have reported their costs have gone up.
Hardly surprising. Watching the same grocery items increase in price 3 times in 6 months, sometimes to over 150% of the original price, it was clear people were going to be in trouble.
Pair that with skyrocketing rents, especially in the landlord’s paradise that is London. And the fact that even getting into a rental often requires a lot of money upfront. The cracks are widening.
A lot of people were barely holding it together before. It’s only going to get worse unless drastic changes are made.
All three, plus 13 years of underinvestment in the country and mismanagement of the economy leaving us all poorer and more exposed to financial shocks.
Capitalism inherently creates wealth over concentration. It simply can’t function without intervention- as we can see, it devolves to neo-feudalism and rent seeking parasitism.
Intervention can reset the counter, but these are inherent traits of Capitalist political economy
Hardly surprising. Watching the same grocery items increase in price 3 times in 6 months, sometimes to over 150% of the original price, it was clear people were going to be in trouble.
Pair that with skyrocketing rents, especially in the landlord’s paradise that is London. And the fact that even getting into a rental often requires a lot of money upfront. The cracks are widening.
A lot of people were barely holding it together before. It’s only going to get worse unless drastic changes are made.
Alright what is causing this? Is it brexit, regular inflation, reduced social support or all three?
All three, plus 13 years of underinvestment in the country and mismanagement of the economy leaving us all poorer and more exposed to financial shocks.
I don’t think the inflation is so regular.
I think a lot of it is driven by soaring profits of large companies.
Capitalism inherently creates wealth over concentration. It simply can’t function without intervention- as we can see, it devolves to neo-feudalism and rent seeking parasitism.
Intervention can reset the counter, but these are inherent traits of Capitalist political economy