The letter, which was sent as forecasters predict UK inflation will hit 18% next year, calls for ‘era-defining solutions’ to the cost-of-living crisis.
It argues that the offers of one-off payments to households will do nothing to fix the structural problems facing the UK economy. The letter calls for legal protections to be implemented to safeguard the most vulnerable people.
In closing, the letter states: “The prospect of navigating the oncoming crisis is understandably daunting. But it can be done. There is enough wealth out there to ensure that everyone is fed, housed, and has the power to lead a good and decent life. We just need the right structures and frameworks in place to achieve that ambition. We need economic, social, and cultural rights.”