MOSCOW, May 15 — RIA Novosti. Next year, the number of Britons living in poverty could reach one million. With such a forecast, with reference to the data of the British National Institute of Economic and Social Research NIESR it worked Bloomberg agency.
The country is on the brink of recession, and another 250,000 families will fall into «extreme poverty» unless the government takes urgent action to deal with the crisis, analysts say.
United KingdomAccording to Bloomberg, it is facing one of the worst shocks among major developed economies as energy prices surge due to the Ukraine and tensions in labor markets are driving inflation up. According to NIESR, inflation at the end of this year will amount to 14.4%, the highest rate in 40 years. The UK economy is expected to contract 5% by the end of the year.
