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Why America can't shake off inflation

Why America can't shake off inflation

Economista day ago
The Yiddish phrase 'farshlepteh krenk', untranslatable into English, describes an illness that just won't go away. That is how some rich countries' experience of inflation has felt. The rate of price increases has fallen sharply since the acute phase in 2022, when inflation across the OECD rose to nearly 11%, its highest since the 1970s. In June average inflation across the club was around 2.5%, only a smidge above most central banks' targets. But many Anglophone countries still have lingering symptoms.
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Welsh farmers given boost after deadly disease outbreak

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Waiting for the bailiffs but nowhere to go: Sharp rise in number of disabled homeless people
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time17 hours ago

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Waiting for the bailiffs but nowhere to go: Sharp rise in number of disabled homeless people

Chrystal Hendry finished her psychology degree in 2021 and was excited to move to the next phase of her life - working towards becoming a counsellor - when she first became homeless. Chrystal, 30, has spinal muscular atrophy and uses a wheelchair. She needs round-the-clock care, as well as home adaptations, such as a bed hoist and wet room, to live comfortably. Several months after being evicted in 2021, and following a "really awful" period in inappropriate housing, she managed to find somewhere to rent in a different town, where she now lives. It has never been the ideal home - the temporary ramps are a struggle. But it was better than the alternatives suggested by her council, including moving her live-in care team and equipment into one bedroom in an elderly dementia care home. Four years on, she's being evicted again. Chrystal is one of the 70,000 households with a physical disability in England now facing homelessness. 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This represents a 72% increase, more than three times the 20% rise in the overall number of households seeking homelessness support. The number of homeless or at-risk households with a physical disability support need increased more than any other demographic over the period. They now represent 21% of households, up from 13% of households in 2020/21. Councils 'not taking it seriously' Sky News and housing campaigner Kwajo Tweneboa sent Freedom of Information requests to English councils asking how many people were waiting for accessible social housing, and how long they wait on average. Their responses reveal a troubling lack of understanding of accessible housing needs in their areas. Two in three couldn't say how many people with disabilities were waiting, while four in five weren't able to estimate how long they could expect to wait. Kensington and Chelsea Council disclosed one of the longest waits among those who did respond. 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It's not always possible to retrofit existing homes to these standards, but campaigners argue they should be mandatory for new-build properties. Plans under the previous government to raise accessibility standards for new homes never materialised and there has been a "lack of action from both the previous government and the current government", said Ms Brown. 'Couldn't even get through the door' Many councils told us they operate a "choice-based letting system" - meaning people waiting for social housing can bid for properties that suit their needs - but that they don't actively monitor applicants' accessibility requirements. Constantly bidding for properties can be an exhausting process, especially for someone like Chrystal. After her first eviction, when she was on North Hertfordshire's housing register, she said she bid for over 100 properties but only secured viewings at six. "None of them were accessible in any shape or form," she said. "In five of them I couldn't get through the front door. Only one of the properties was adapted, but they told me my needs weren't enough, so I was turned down." Now, she doesn't even have the luxury of joining a housing register. Because she moved to a different local authority in 2022 in search of housing, she is now ineligible for support in either her old area, where she hasn't lived recently enough, or her new one, where she hasn't lived for long enough. 'Affordability problems compounded' "The picture across the board is that it's a struggle for everyone at the moment to find a suitable rented home," Deborah Garvie, policy manager at Shelter, told Sky News. She said the biggest difficulty is affordability, especially for those relying on housing benefit, which has been frozen and not kept up with inflation. People with disabilities, or those caring for them, may be particularly affected as they are less likely to be working full time. "There's that big affordability problem which is likely to be compounded for people who either have disabilities themselves or have a household member with disabilities," added Ms Garvie. "And then on top of that you have the physical access problems as well." A parliamentary inquiry into disabled people in the housing sector ended earlier this year and the government has said it intends to set out policies on the accessibility of new homes soon. A Ministry for Housing, Communities and Local Government spokesperson said: "Cases like Chrystal's are unacceptable and is why we are taking urgent and decisive action to ban section 21 evictions, build 1.5 million new homes and give people housing security. "Through our Plan for Change, we will build more accessible housing so everyone has a home that meets their needs, alongside delivering the biggest boost to social and affordable housing in a generation backed by £39bn investment." Broxbourne Council, which is responsible for housing in Chrystal's area, responded: "At present, there are more than 1,600 households on the Housing Register. "Ms Hendry has been provided with a personalised plan to support her to resolve her housing situation which acknowledges that specialist accommodation is required. "It sets out what the council is doing to support Ms Hendry and also details other housing options that she can pursue." Chrystal acknowledges the council has given her a plan, but argues it doesn't provide any real solutions. "I've been told numerous times that they have no housing in the area," she said. "They have told me to look for places to rent, but finding private rentals that I can live in is like finding a needle in a haystack - and even if I do, housing benefit won't cover it. "I'm lucky enough that I can advocate for myself, but there are loads of people in my position that can't do that. "Trying to wade my way through these broken systems is upsetting and frustrating. I get angry because it seems like nobody wants to fix the problem."

Why America can't shake off inflation
Why America can't shake off inflation

Economist

timea day ago

  • Economist

Why America can't shake off inflation

The Yiddish phrase 'farshlepteh krenk', untranslatable into English, describes an illness that just won't go away. That is how some rich countries' experience of inflation has felt. The rate of price increases has fallen sharply since the acute phase in 2022, when inflation across the OECD rose to nearly 11%, its highest since the 1970s. In June average inflation across the club was around 2.5%, only a smidge above most central banks' targets. But many Anglophone countries still have lingering symptoms.

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