Symptoms of degrowth
“UK car production plunged to its lowest level since 1956 last year as a shortage of semiconductor chips piled further pressure on an industry battered by the pandemic…
“…the industry still faces a growing challenge from a surge in energy costs of up to 70%, according to the Society of Motor Manufacturers and Traders.”
“Millions of British households have defaulted on essential payments this month, with many pushed to the brink as the cost of living crisis deepens.
“More than 2.5 million families have failed to pay either their mortgage, rent, loans, credit cards or bills so far this year, research by campaign group Which? found.”