Across Europe, people are struggling to pay the bills as inflation soars to levels not seen in decades. Prices had already been rising before the war in Ukraine as consumers began spending again after the lifting of pandemic restrictions. But Russia`s invasion of the country and the resulting pressure on gas supplies has pushed an uncomfortable situation into a full-blown crisis. On this DW Business Special, we speak to reporter Emily Gordine who has been covering the cost-of-living crisis in the UK, as well as to Michael Heise, Chief Economist at HQ Trust. We ask how the continent's most vulnerable people have been coping and what needs to be done now to prevent extreme hardship this winter.
Chapters:
00:00 Introduction
01:30 Impact on everyday life in the UK
04:00 Inflation across Europe
05:00 Policy response
07:11 Germany's response to the energy crisis
09:36 Opportunity for Europe?
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