THE BIG SQUEEZE GRIPS THE WEST

Report from the Editor's Desk by Duncan Williams

In recent months, the cost of living crisis in the South West of England has seemingly reached a critical point, with reports of many local residents struggling to make ends meet. Rural communities can often seem especially neglected and are apt to feel completely off-the-radar as far as Westminster is concerned.

Rising prices for essentials such as food, housing, and energy have hit working people particularly hard, with many families finding it increasingly difficult to balance their budgets.

According to recent reports, the cost of living in the South West has risen by almost 20% in the last five years, with households spending an average of £600 more per month on essentials than they did in 2016.

With wages failing to keep pace with this increase, many workers are finding themselves in a precarious financial situation, with little room for savings or unexpected expenses.

So how can West Country people best save money in the face of this crisis?

One key strategy is to focus on reducing expenses wherever possible. This could mean cutting back on discretionary spending, such as eating out, entertainment, and luxury items, and focusing on essentials like food, housing, and transportation.

Another strategy is to seek out cost-saving opportunities wherever possible. This could mean switching to a cheaper energy supplier, shopping around for better deals on groceries and household essentials, or taking advantage of discounts and promotions wherever possible.

Finally, it's important for people to stay informed and engaged on issues related to the cost of living, and to advocate for policies that can help address this crisis. This could mean supporting initiatives to increase the minimum wage, improve access to affordable housing, and reduce the cost of essential services like energy and healthcare.

Ultimately, the cost of living crisis is a complex and challenging issue, but by taking proactive steps to reduce expenses, seek out cost-saving opportunities, and advocate for systemic change, people can help protect their financial security and build a more sustainable future for themselves and their families.