The cost of living crisis: Five minutes with . . . Parth Patel

“What we’re seeing at the moment is the largest decline in living standards since records began in 1950. Only the richest 5% of households in this country are expected to see their incomes grow over the next two years.

“That is unprecedented. Everyone else will see their incomes at a household level go down. And of the poorest 20% of households, three in every four report going without food or other essentials—toiletries, tampons, clothing. These things will have an impact on the health of …