Spiralling inflation, rising energy bills and an escalating cost of living crisis have left millions of people struggling to afford basic necessities; could future predictive modelling stop this from happening again.
The cost of raising a child up to the age of 21 has increased by 37% in over a decade, at an estimated £230,000 – the price of an average semi-detached house.
Nigel Wilcock, Executive Director of the Institute of Economic Development, provides analysis on the UK Shared Prosperity Fund, arguing that “the landscape is most definitely being tidied up after years of confusing approaches”.
With a widening skills gap, ever-shrinking budgets and the Great Resignation in full swing, there are many challenges for the public sector to overcome in the coming months.
Borrowers from minority groups were charged 8% higher interest rates from mortgage lenders and were rejected for loans 14% more often than those from privileged groups.
