An “ever-increasing” number of households in UK, including teachers, pensioners, and employees of the NHS, are turning to food banks for assistance as a result of the cost of living issue and country’s high inflation, according to new statistics.

Extreme warmth and drought conditions have hit the United States, Europe and China, compounding problems for workers and businesses at a time, when economic growth has severely reduced, adding pressure on prices.

Britain is reportedly planning to impose organized blackouts for the nation's industry and households over the winter, when cold weather is expected to coincide with gas shortages.

Persisting high inflation in the US has forced Americans to spend more on gas and bills, making young and low-income consumers feel the financial pressure and piling credit card debt.

The gasoline prices have hit another all-time high in the United States, as President Joe Biden continues his war on American energy, amid the conflict in Ukraine.