LONDON ¨C Rising mortgage rates, fuel and grocery prices soaring, national insurance contributions going up and lines growing at charity food banks across Britain.
Add fallout from COVID-19 and Brexit, and economic and policy analysts say the world¡¯s fifth-biggest economy faces a deepening cost-of-living crisis, despite measures in the government¡¯s new budget aimed at softening the blow.
¡°Everybody across the income spectrum in the U.K. is going to see increasing costs,¡± said Garry Lemon, policy and research director at the Trussell Trust, which supports more than 1,300 food bank centers across Britain.
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