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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Tackling the Cost of Living Crisis

Tackling the Cost of Living Crisis

Max Mosley

Macro Economist

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy. Max also outlines why traditional policy tools may not be enough to bring us out of the crisis and discusses some unconventional policies which may help.

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy. Max also outlines why traditional policy tools may not be enough to bring us out of the crisis and discusses some unconventional policies which may help.

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Tackling the Cost of Living Crisis

10 mins 36 secs

Overview

The cost of living crisis has been brought on by a multitude of problems, emergence from the pandemic, the Russian invasion of Ukraine and Brexit.

The ongoing crisis is likely to present a similar economic threat that the COVID-19 crisis displayed in terms of scale, but policy makers haven’t reacted with the same strength and determination they did during the pandemic. The government has been delayed, timid and imprecise in their assistance.

Given the rise in prices of everyday items and the skyrocketing inflation, it is predicted that 20% of UK households will see food and energy bills higher than their incomes.

Key learning objectives:

  • Outline the effects of the cost of living crisis

  • Understand how the cost of living crisis will affect savings

  • Outline what could be done to tackle the crisis

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Summary
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Join now for more

This video is now available for free. It is also part of a premium, accredited video course. Sign up for a 14-day free trial to watch more.

Expert
Max Mosley

Max Mosley

Max Mosley is an Economist at the National Institute of Economic and Social Research (NIESR). His work focuses on low-income households, specifically by quantifying the effect the cost-of-living crisis is having on those in the UK. He studied at the London School of Economics and Oxford University before moving to NIESR.

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