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As UK housing costs soar, anxiety grips homeowners and renters: 'I'm in meltdown'

By SYLVIA HUI and PAN PYLAS - Jul 18, 2023, 02:06 AM ET
Last Updated - Jul 18, 2023, 02:06 AM EDT
Britain Mortgage Crisis
ASSOCIATED PRESS

For millions in the U.K., the cost-of-living crisis just never seems to ease

LONDON (AP) — For Sadie James, the cost-of-living crisis in Britain just never seems to ease.

First, it was skyrocketing energy and food costs stemming from Russia's invasion of Ukraine. Now, the 61-year-old worries whether she can keep a roof over her head.

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James, who lives in south London, has struggled for years to stay on top of her finances. Just as she was starting to clear her debts, she's back to square one: Her rent keeps rising, and on top of higher food and energy bills, her welfare payments just can't keep up.

“I’m actually in a meltdown each time I think about it," said James, who cannot work because of underlying health problems. “I’m literally depressed, I’m angry, I’m totally overwhelmed about it because I don’t want to lose my home.”

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