Thousands of people have gathered in London to protest against the government’s lack of action in tackling the cost of living crisis.

Protesters marched from Portland Place to Parliament Square for a rally with speakers including Frances O’Grady, the general secretary of the TUC, which organised the event.

Demonstrators carried banners reading “cut war not welfare” and “end fuel poverty, insulate homes now”.

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The Trade Union Congress (TUC) claims that the average British worker has lost £11,800 ($14,426) in real earnings since 2008, as pay has not risen to match inflation.

The protest brought together people from diverse sectors, among them, Labour Party supporters, communists and climate activists, the latter group holding signs demanding the government insulate houses across Britain to offset “fuel poverty”.

Fuel costs have risen dramatically in the UK since Prime Minister Boris Johnson voluntarily cut Great Britain off from Russian oil and gas imports after Moscow launched its military operation in Ukraine in February.

The cost of petrol and diesel for British citizens is higher than ever before. With inflation reaching a 40-year high of 9% in April, food prices alone are predicted to spike by 15% this summer.

A recent report by the Office for Budget Responsibility reveals that Britons will experience the steepest decline in living standards since 1956, as the average household disposable income will drop at the fastest rate since record-keeping began in the 1950s.

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