Economics class: Cabinet split on plan to cut UK food tariffs as grocery bills rise 5.9%

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Specification:

• Living costs, inflation, economic welfare, real wages

Click to read the article below and then answer the questions:

Cabinet split on plan to cut UK food tariffs as grocery bills rise 5.9%

• What is meant by food inflation?

• What are the main determinants of price rises?

• What is the current inflation rate?

• Using the article, explain what the cost of living crisis refers to?

• What economic policies have been put in place by Rishi Sunak to help with this crisis?

• What economic policies can be implemented to help with the rise in living costs? Explain why

Noaf Al-Diraa, Alperton Community School