Answers to your questions about inflation, rising prices and falling wages Business News

Iiving standards are poised to fall at their fastest rate in at least three decades, or possibly since the 1970s. Economists’ forecasts appear to be darkening with alarming frequency.

Prices are already rising much faster than wages and things are expected to get significantly worse this year.

Many of us will have received alarming letters from energy companies informing us of massive increases. If not, no doubt you will have noticed that gas station prices have reached record highs.

More expensive fuel means additional costs for businesses that will soon be passed on to consumers.

Russia’s war in Ukraine is having an impact far beyond that country’s borders, driving up energy and food costs across Europe.

But the UK’s cost of living crisis has much deeper roots and was already developing long before Vladimir Putin ordered his troops to attack.

Although we are all aware of how rising prices affect us, many questions probably remain.

What is really causing this situation, how could it have happened and what can be done to mitigate it in the short term, as well as to protect ourselves in the future?

I’ll be there to answer your questions live at 3 p.m. on Wednesday, March 16. To participate, register, then post your questions in the comments and I will answer as much as possible.