This cost of living scandal was predictable

If the money printed by the government during covid was spread evenly among us all, then most people should be sitting on an extra £10,000 today.

If you’re not, then why not? 

That’s the question asked by the economist and ex-City trader, Gary Stevenson. Take a look at this video he's produced that’s been doing the rounds on social media. 

As Gary points out, people who were lucky enough to have wealth on the eve of the pandemic have done really well financially in the last two years.

This comes in a week in which the cost of living continues to increase, with prices rising at a rate of 5.5%.

So if you’re sitting on extra wealth, you’re likely to get by comfortably, despite rising food, energy and petrol prices.

However, if you’re a struggling family, higher energy bills are going to really hurt.  As Gary says: “This cost of living crisis was predictable when the covid crisis started. The government needs to take action to do something about it.”

We’re working with our partners in the tax justice movement to campaign for a fairer tax system. 

We need to close the loopholes used by the wealthy, clamp down on tax dodging and introduce windfall taxes on companies and people that have profited during the pandemic. 

Do you have experience working with members of the public to get political change? At Tax Justice UK we’re looking for a new Senior Campaigns and Communications Officer. You can find more information here. 

We are also still recruiting new board members. Are you interested in helping us to campaign for a fairer tax system? We’re particularly interested to hear from people with experience of public campaigning and people who have been on the front lines of delivering public services. Please share the details with anyone you think might be interested in joining us.