10-20 MIN READ
The UK Economy shrunk by 0.1% in Q2 2022 and is expected to enter recession later this year. Households and businesses across industries have been impacted by the soaring energy prices.
The ongoing cost of living crisis continues to worsen across the UK as a result of high prices for food, energy and fuel. Low-income households have been more negatively affected as they spend a higher proportion of their income on energy and food.
This briefing note provides an overview of the cost of living crisis and its impact on Glasgow City Region.