Dr Nik Kotecha OBE DL, Chairman of Morningside Pharmaceuticals & The Randal Charitable Foundation
With high inflation, interest rates at their highest for 15 years and the impact of the cost-of-living crisis for communities across the UK being reported on a daily basis, it’s almost impossible not to be aware of the cumulative effects for many communities.
UK energy prices remain incredibly challenging for both transport and heating, food costs have jumped in the last 18 months, peaking at a monthly rise of a staggering 19.1% in March 2023; and whilst marginally falling now (around 13.6% in August 2023), the cost of a family shop remains so much higher than just a year ago – forcing many to make nigh-on impossible choices.
We’re all aware of the many contributing factors here – some of global, not just national, consequence which have led us to this point – the covid pandemic, geopolitics and Brexit, to name a few. And wages are growing in some sectors – and the Office for Na...
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