Need to know basis
š¬ Mental health matters. This is a reminder to take care of yourself in the cost of living crisis. Itās a worrying time, but thereās simple steps you can take to get the help you need and support your mental health. Hereās some advice from experts about how to cope with money worries and some more general tips on how to be kind to yourself. And if itās work thatās got you down, hereās some advice on that from our employment reporter Evie.
āWhoās paying for it? This is a brilliantly put together article about the real costs of the economic crisis in Huck. It uses insights gleaned from original data and drills deeper into the biggest drop in living standards in decades to understand its impact on real people in real time.
āļø Pack up your troubles. If you ignore the headline of this piece (because, obviously, there is a cost of living crisis), itās interesting that holiday sales are booming even though the cost of travel is rising. Maybe with everything that is going on, Brits are keen to prioritise getting out of the country for sunnier lands abroad?
š Thank god for buses. Bus passengers in England will be able to keep travelling for Ā£2 until the end of October after the government extended funding. The cap applies to more than 130 bus operators outside of London. It will rise to Ā£2.50 in November for 12 months.
š° The real benefit fraud. The Department for Work and Pensions has recently been bragging about its commitment to cracking down on benefit fraud ā but Rachel Charlton-Dailey writes that the real problem is how disabled people are treated by the welfare system.
š Get real, gang. āFor those peddling the ridiculous notion that young people just need to stop complaining and start saving, my message is this: get real,ā says Sadiq Khan. Heās right: young people have it tough. Just see the news that 620,000 more adults are living with their parents than a decade ago. Khan also renewed his calls for a rent freeze.
š Until the bitter end. A really powerful story from my colleague Greg here about one of just 30 residents left on the Aylesbury estate as the council plans to demolish it. Sheās staging a one-woman protest against gentrification.
š¤ Are you interested? This time last week, the Bank of England decided to raise interest rates and got a fair bit of backlash from charities and experts who warned it could lead to widespread, unmanageable debt for vulnerable people.
That means mortgage rates will be driven up (and probably rent with it).
This is a good explainer about what it means for you on the BBCās website. So, is it time for action? Joe Cox from Debt Justice believes we need a debt write off to escape the cost of living crisis.