Due to the recent cost of living crisis, many households are forfeiting basic necessities such as electricity or the internet.
Cost Of Living Crisis
The cost-of-living crisis is causing a serious issue for both businesses and individuals with a fall in “real” disposable income meaning that many people are struggling to afford basic items.
The Isle of Man’s government has made the decision to freeze electricity prices until March 2023 to protect people and businesses from spiralling bill costs this winter.
Over 100,000 people have signed a petition supporting former prime minister Gordon Brown’s call for an emergency budget to be introduced amid the cost-of-living crisis.
The UK is currently suffering through a cost-of-living crisis, where rent, bills, food, and more are at an all-time high.