Inflation scarring: How has the cost-of-living crisis changed Britain?

Economies around the world exited the Covid-19 pandemic in 2021, and jumped straight into the biggest inflation surge for four decades, with a cost-of-living crisis accelerated by Russia’s invasion of Ukraine. But with inflation finally back close to its target of two per cent, to be confirmed by the ONS on Wednesday 22nd May, now is the time to assess where the cost-of-living crisis has left our economy.
How does the UK experience compare to that elsewhere? Where has it left the relative prices of different goods and services, and the wages of different kinds of workers? How has it affected living standards, and households’ behaviour in terms of their spending and saving? And what might its legacy be in terms of the public and personal finances?
The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from new research on lessons learned from the cost of living crisis, we will hear from leading experts on both its impact, and lessons learned, for policy makers and the wider public.
The event will be open for people to physically attend, alongside being broadcast via UA-cam and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.
Speakers:
Victoria Clarke, UK Chief Economist at Santander
Chris Giles, Economics commentator at the Financial Times
James Smith, Research Director at the Resolution Foundation
Torsten Bell, Chief Executive of the Resolution Foundation (Chair)