The increased cost of living could result in more people committing crime, according to a Nottingham campaigner.
Marcellus Baz, Chief Executive of Switch Up, also warned that there will be an increased demand on mental health services.
Gas prices are set to rise by 54% in April for a typical household, whilst the Bank of England recorded inflation at 5.5% earlier this month.
Meanwhile, it’s estimated petrol prices could rise as high as £1.60 per litre following Russia’s invasion on Ukraine.
VIDEO: Marcellus Baz, Chief Executive of Switch Up, explains why some may turn to crime as the cost of living continues to rise.
Not only will the increased costs lead to higher bills for the British public, it’s also feared that high inflation rates could prompt policymakers to raise interest rates, impacting those on variable rate mortgages.
And, with some families struggling to make ends meet, campaigners are warning that more may turn to crime as a desperate last resort.
“If you have got a young person who is not getting fed at home, and whose mum is crying because she cannot pay the bills, someone can come up to that young person and say they will give them a £100 for moving something. That person is being exploited,” said Marcellus Baz.
“People are worried.”
Marcellus Baz, Switch Up Chief Executive
“More people are going to be vulnerable. And we’re already seeing that. This is already happening and it has been happening for a while.
“And this is going to happen a lot more because more people are going to become vulnerable, he added.
“We will see a lot more people in hardship, and when you are in hardship, and you’ve got people putting things in front of you to make money illegally, there may be some people who take that option.”
We're providing £9.1bn of financial support to ease the strain of rising global energy costs.
Up to £350 of support will be available per household via a £200 energy bill discount and a further £150 council tax rebate for 80% of households. pic.twitter.com/PLWc4Utxpe
— HM Treasury (@hmtreasury) February 3, 2022
Chancellor Rishi Sunak announced in February that millions of households will be entitled to a £350 energy bills rebate, costing The Treasury £9.1 billion.
And campaigners fear that the increased cost of living could also negatively impact the mental health of those struggling.
“Some will suffer in silence. We already know that there are families who are already making the decision if they heat the house or whether they eat,” said Marcellus.
“People have still not recovered from the pandemic. They’ve have been hit hard physically, mentally and financially.
“People are worried. Yes charities like us are helping out, but it’s very hard to keep up with the demand which is coming through the door.”
Whilst inflation has risen exponentially, it remains some way off the record 7.1% figure which was recorded in March 1992.
Charities who can provide help:
HELP THROUGH HARDSHIP
0808 208 2138
CHILD POVERTY ACTION GROUP
020 7837 7979