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Economic downturn due to record rise in cost of living as the GDP grows, will be very hard on the low income households. No concern to the liberal leader VVD Dutch PM Mark Rutte. Time to shake-up politics of this doomed cabinet.

'Sapere aude'

by Oui (Oui) on Sat Aug 20th, 2022 at 08:19:04 AM EST
One in three at risk of financial problems as cost of living rises above 10% | Dutch News |

The government Central Planbureau (CPB) warned that the figures were likely to be an underestimate because poorer households will be disproportionately hit by rising energy bills. 'I've never seen figures like these before, this is dramatic,' CPB director Pieter Hasekamp told NOS.

'Especially for people who already have it tough and soon won't be able to pay their energy bills.'

The agency's latest figures predict 7.6% of people will be living below the poverty line by the end of 2023, up from 5.7% in 2021 and 6.7% this year. The projected figures are even higher for children, with almost one in 10 living in poverty next year.

Foreign affairs minister Wopke Hoekstra said the government would have to find at least €10 billion for 'quick, robust and effective' measures to offset the rapidly rising cost of living.

'One in three people in the Netherlands faces short-term financial problems,' he told AD. 'People get a shock at the supermarket checkout, to say nothing of their energy bills. We have to stop people falling through the ice.'



'Sapere aude'
by Oui (Oui) on Sat Aug 20th, 2022 at 08:22:40 AM EST
[ Parent ]

Unfortunately in Dutch language ...

Translation:
In this video we look back at the developments of the past two years and the impact of the corona pandemic on the #worldtrade ! ⤵️ #economy

'Sapere aude'

by Oui (Oui) on Sat Aug 20th, 2022 at 08:23:41 AM EST
[ Parent ]

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