Londons react to cost-of-living and Rishi Sunak’s spring statement

The speaker discusses the challenges of rising living costs and insufficient government support, especially during the pandemic. They highlight the impact of increasing energy prices and stagnant wages on individuals, particularly young people struggling to afford homes. The speaker emphasizes the need for government intervention and innovative solutions to address these economic issues.

What does the speaker believe should be done to help individuals cope with the rising cost of living?

• Increase taxes on the wealthy

• Provide government grants or packages

• Reduce the cost of consumer goods

• Encourage people to work more jobs

According to the speaker, who benefited more from government actions during the pandemic?

• Everyday individuals

• Corporations

• Healthcare workers

• Small businesses

What global event does the speaker mention as impacting energy prices?

• The COVID-19 pandemic

• The US-China trade war

• The Russia-Ukraine conflict

• Brexit

What challenge do young people face according to the speaker?

• Accessing education

• Affording homes

• Paying for healthcare

• Finding jobs

How does the speaker describe their personal strategy to manage the high cost of living?

• Investing in stocks

• Cutting down on expenses

• Working multiple jobs

• Moving to a cheaper area