Need to know basis
💡 Claim it now. Households with prepayment meters are being urged to make sure they have cashed in all their energy vouchers before the end of June. We reported last year that thousands were missing out because they didn’t know about the scheme or couldn’t access it. The Times Money Mentor reports that £130 million has gone unclaimed. If you know anyone on a prepayment meter, please remind them to cash in their vouchers.
🧸 A new childcare plan. Parents on universal credit will be able to claim hundreds of pounds more for childcare from the end of June, the government has announced. It comes after a report from Coram and the Joseph Rowntree Foundation revealed that, without major reforms, the government’s £4 billion childcare plan will leave disadvantaged children behind.
🍞 Scrap over food cap. The government is reportedly considering voluntary price limits on certain foods, although these plans are still on the drawing board with retailers claiming price caps “will not make a difference”.
This is interesting analysis from the Guardian’s economics editor Larry Elliot: “By seeming to lean on food retailers, ministers can look tough while not actually doing anything.” If inflation falls, they can take the credit. If it stays stubbornly high, they can blame retailers.
🎞️ Fight for independent cinemas. Smaller cinemas are facing a “cliff edge” in the aftermath of the pandemic and with the cost of living crisis, Sky News reports. An independent cinema, the last in the North East, has launched an urgent campaign to save itself from closure.
📚 Books on the top shelf. Bloomsbury (which publishes Harry Potter) raked in record sales last year, CityAM reports. It prompted bosses to crow that more people are reading during the cost of living crisis than ever before.
But recent studies have shown parents are spending less on books for their kids. If you can, supporting local libraries, where you can borrow books for just a small membership fee, or independent local bookshops, are great ways to introduce reading to your kids and help the industry through the cost of living crisis.
💭 Therapy for the lads. Video producers at the Guardian Maeve Shearlaw and Christopher Cherry follow former Big issue vendor Earl John Charlton, who is using his experience of homelessness and drug addiction to help other men cope in the cost of living crisis. It’s a powerful and optimistic watch.
💰 Tax the rich. A wealth tax of just 2% on the richest 350 families in the UK could raise more than £20bn a year, the Guardian reports. That is enough to build 145,000 new affordable homes a year. We explain how a wealth tax would work.
💊 How the other half live (forever). This is a fascinating piece from Maddy Mussen in the Evening Standard, exploring how the uber-rich “cheat death”. From medical concierges to blood transfusions, this is an insight into the healthcare of the wealthy elite.