HAVE YOUR SAY: Inflation set to cost typical family £1,800 by end of year
Inflation is set to cost a typical family £1,800 by the end of the year, with price rises being driven by labour shortages, rising energy costs and gaps in global supply chains.
Brits face rising energy bills, soaring food prices as well as tax hikes later this year, with the cost of petrol going up to the highest level since 2013.
It comes as the Prime Minister says he’s not worried about rising prices because he believes they will be temporary, and says it’s not his job to fix every aspect of supply chains in the UK.
Have you noticed prices going up? Can you afford to pay more for the likes of food and energy bills?
Are you now more concerned about inflation than the pandemic? Have you had to cut back on your spending?
It comes as the UK’s lorry driver shortage is “not visibly getting better” and could take around a year to recover, industry bosses have told MPs.
Bosses from the haulage, recruitment and food sectors warned ministers at the Government’s Business, Energy and Industrial Strategy committee over the current scale and impact of drive shortages.
The Road Haulage Association (RHA) has previously warned of a shortage of around 100,000 drivers and said the issue has not improved despite efforts from government.
Figures revealed by the Office for National Statistics (ONS) earlier on Tuesday showed that driver numbers have plunged by 53,000 over the past four years, largely driven by retiring drivers not being replaced fast enough by new recruits.
Duncan Buchanan, director of policy at the RHA, told the Business, Energy and Industrial Strategy committee: “Things are very challenged at the moment.
“There are widespread shortages of lorry drivers, which are leading delays and frustrated trips.
“Among, our members we are still getting reports that this hasn’t eased at all.
“Things are not visibly getting better at this stage, and I know there are a number of measures that have been put in place, stepping up training, stepping tests, but on the ground that isn’t having much of an effect.”
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