centre in leeds work for - lock. the advisers at this call centre in leeds work for a i lock. the advisers at this call. centre in leeds work for a debt advice charity called stepchange. many of the families calling up never thought they would have to. it s much more energy bills that cannot be paid, that is a big one. food cannot be paid and it is generally more there isn t enough coming into cover standard living costs. ~ , . .,, coming into cover standard living costs. ~ , ., costs. while the rise in the cost of livin: costs. while the rise in the cost of living overall costs. while the rise in the cost of living overall has costs. while the rise in the cost of living overall has slowed - costs. while the rise in the cost of living overall has slowed down - costs. while the rise in the cost of living overall has slowed down a i living overall has slowed down a little from double figures to 8.7%, millions of households, notjust the poorest, are still reeling from one of the faste
are still reeling from one of the fastest rises in food and soft drinks prices since 1978 up i9.i%. we are seeing an increasing number of people who, once we have gone through a budgeting process with them they ve nothing left to pay beyond their household bills. or they are in a negative budget situation. just to confirm, then when you get your £672 for universal credit, £417 pounds of that goes to your rent alone? all different backgrounds, all different income levels. we are seeing more people who are already employed, already working full time where there is no option to increase their income. for months, it s been higher goods prices bleeding some of the charity s callers dry, from gas bills, to, petrol, to bread. while the price of services rose only modestly but that s changing. in the year to march, goods prices rose by 12.8% but in the april figures they slowed
delay paying social security recipients, delay playing military contractors who is going to feel the pain first. those are the questions we are asking in the largest economy in the world. obviously, what we are watching in washington is not just about the numbers but also the political blame game, what biden said in his press conference in japan was would he be blamed on the merits, he doesn t belief he should, but on the politics. and numbers on how americans see this, what they want to happen. i was surprised 15% of people said don t raise the debt ceiling allow a default. those are the ultimate, i guess, con trarions of the world who want to see the u.s. economy go up in smoke. 60% said only raise the debt ceiling if there are spending cuts. i think that shows that the public is aware that debt and deficits long term are a concern for the united states of america, but i would make this point i have been making for some time. the debt ceiling is not an instrument of fiscal discip
today at one. inflation is below 10% for the first time since august last year. figures out today show the rate at which prices rise slowed to 8.7% in april but debt advisors says many still can t make ends meet. we re seeing an increasing number of people who, once we ve gone through budgeting process with them, they have nothing left to pay beyond their household bills. whilst it is welcome that the headline rate of inflation has fallen, these numbers show there is absolutely no room for complacency in the battle against inflation. we ll be live with our economics editor and asking whether this slowing of inflation is likely to continue. also this lunchtime. the prime minister says his
dealing with this house majority. this is the kind of thing that causes people to not want to follow the news because it sounds like chaos. but in, fact this is the normal business of the house and the senate. you are on the appropriations committee, that is the process by which we fund the government and prior to that we had a budgeting process, and this is ongoing conversations about how much we should spend and whether we should raise revenue or lower spending, they are valid discussions and i m sure yes but a lot of years having. they generally don t lead us to this point, where we may be about to default on our obligations. i just need to get from you why this is a serious as it is. well, first, ali, it is as serious as it is because the united states benefits from the fact that for the rest of the world, investing in our treasury instruments in the borrowing done by the u.s. government by our president department is viewed as the safest place to put their money. not just in t