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Aggravation of poverty and increase in crime rate in UK

Herald Publishers by Herald Publishers
November 20, 2022
in Economy, Society
0
Aggravation of poverty and increase in crime rate in UK

Aggravation of poverty and increase in crime rate in UK

What are the reasons for the increase in the theft of food products from British chain stores?

What measures have British chain stores taken to prevent theft and increase security?

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The unprecedented jump in the inflation rate and the aggravation of the cost of living crisis in UK have increased crime in this country, and some chain stores have resorted to installing security labels on food items for fear of thieves. The crime rate in UK is on the rise.

Theft of food products from British chain stores

The crime rate in UK is increasing day by day. Tesco, as the third largest store chain in UK, has taken special security measures to prevent theft of food products and treated them like luxury goods since last month. In this store, in addition to meat, which is considered as one of the essential items of the household shopping cart, some cheeses and butters have security labels installed or placed inside locked boxes.

Increasing the security of stores to prevent theft

The crime rate in UK is increasing due to the increase in poverty in this country. In the last few weeks, this procedure has been extended to other chain stores and retailers, and some goods such as sausages and sausages have been added to the list of luxury goods. Today we witness a robbery. The police will not arrest criminals whose theft is worth a few pounds.

Criticism of the UK police in dealing with theft

Crime rates in UK are rising due to police negligence. Local shopkeepers have formed a WhatsApp group where they share information about the thieves. This is why many robberies are not reported to the police and the official statistics published do not show the true number of crimes in UK. However, food prices in UK have experienced a significant jump over the past year.

A sharp increase in the price of basic goods

The figures show a 17% rise in the 12 months to last September, but the price of some essential goods such as oil has risen by as much as 65%, adding a total of £643 more to Britons’ annual bills amid a cost-of-living crisis. According to the report of the Office for National Statistics (ONS) last September, 45% of adults had problems with paying energy bills and 30% with paying housing rent. The increase in the crime rate in UK is directly related to the sharp increase in prices.

Difficulty affording living expenses in UK

The crime rate in UK is rising because people are getting poorer day by day. These figures were higher for people with disabilities, with more than half (55%) having trouble paying energy bills and 36% having trouble paying rent. This is while the body overseeing the performance of the Financial Conduct Authority (FCA) has estimated that 7.8 million people – or six out of 10 adults – in this country can hardly pay their living expenses.

Intensification of the power crisis in UK

The rising crime rate in UK affects the political situation in UK. The deep economic problems in UK have aggravated the power crisis in this country, and so far two prime ministers have resigned from their positions in the past year. Rishi Sunak, the new Prime Minister of UK, has announced the government’s priority to deal with economic problems. Two weeks ago, the Governor of the Bank of England announced that the UK was entering a long period of economic recession after deciding to significantly increase the interest rate in the country.

Increase interest rates to curb inflation

The Bank of England has resorted to raising interest rates to curb inflation, and the Bank of England’s Monetary Policy Committee has decided to increase the interest rate by 0.75% to 3%, which is the highest rate in the last 14 years. This amount of increase has not been recorded since 1992, and in this way, a few hundred more pounds will be added to the monthly mortgage installments of the British. British media describe this increase as painful for millions of citizens who owe the bank.

Economic storm in UK

During the presentation of the budget amendment to the parliament, the British Chancellor of the Exchequer warned about the economic storm in this country and claimed that the government’s economic plan will only reduce the slope of the recession. The studies conducted in UK show that the middle class population of this country will become smaller and poverty statistics will increase in the next few years due to the economic recession and the cost of living crisis.

Decline in the income of the British middle class

Research by The MailOnline indicates that the income of the middle class in UK will decrease by about 20 thousand pounds in the next six years. This publication referred to what it called the hidden taxes of Rishi Sunak’s government’s economic program and wrote that by increasing people’s income, the government’s hidden taxes make the people’s table smaller. Meanwhile, the Institute for Fiscal Studies (IFS) has announced that this country is on the way to the era of higher permanent taxes. The think tank added in a report published on Friday that UK is on the brink of an economic shock.

Government policy to increase taxes

Taxes have reached their highest levels since the Second World War in UK’s new economic plan presented to Parliament by the Chancellor of the Exchequer last week. The program is the exact opposite of the economic policy of the 44-day Liz Truss government, which cut taxes to the lowest level in half a century but left the country in financial turmoil.

Increase in the number of tax payers

According to the findings of the IFS, the number of people who will pay more taxes will increase in the next six years, and at least ten million people will pay 40% of their income in taxes by 2028. Current situation of the country is the result of the inability to grow the economy, the effects of the aging population and the high level of borrowing. We are on a long, difficult and unpleasant journey. This journey is more difficult than being facilitated by a series of economic goals and plans.

Reducing wages and increasing taxes

The Resolution Foundation has predicted that working people will face an unprecedented stagnation in their wages in the next 20 years. Middle-income earners will be hit the hardest as wages fall and taxes rise. The people of UK will be poorer in 2028 compared to the economic crisis of 2008.

A sharp increase in the rate of inflation in UK

The British economy has entered a period of recession due to several successive crises. The inflation rate has reached 11.1%, which is the highest level in the last 41 years. Bank of England governor Andrew Bailey told a news conference that UK is facing a “very challenging” recession and that families will face tough times. The UK government has resorted to raising taxes and reducing public spending to cover the 50 billion pound budget deficit.

The crime rate in UK is increasing at an alarming rate. The economic condition of UK, which is in the worst situation in the last half century, has made it extremely difficult for the government to make a decision. The policy of cutting taxes led to a devaluation of the pound, financial turmoil and eventually the fall of the Liz Truss government. On the other hand, the Rishi Sunak government’s economic plan to increase taxes in the midst of the cost of living crisis has faced widespread protests inside.

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Tags: Aggravation of povertyBritish middle classGovernment policy to increase taxes
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