Come to think of it, just about everything seems to hurt the lowest income households. It’s truly a damned if you do, damned if you don’t scenario.
Not really. In most European countries including the UK, tax rates are lower and social benefits are higher for those households.
Even VAT has lower rates for essential items like food (which comprise a higher percentage of expenses for those households compared to higher income ones).
In general poorer people tend to have more trouble servicing debt
Inflation is great for mortgage holders.
If ~40% of inflation is rent, it's hard for inflation to be 100% (for example) and rent inflation be 0%. It's possible, but very unlikely.
If you bought an $8M house in Tahoe you can't afford, it would be outstanding if inflation went up to 80 billion percent, because then you'd basically get the house for free (as every dollar last year would be worth $800M this year, buying your house for the equivalent of a penny in this inflated currency).
The only thing bad for mortgage holders is home price deflation - which usually doesn't happen when there is high inflation for the above stated reason.
The response to inflation is interest rate rises, which increases the monthly mortgage repayments and total future outlay of mortgage buyers who dont have long term fixed rates (as of course do other rises in costs of living). And of course, this ultimately has a negative impact on the value of the house (although generally quite a modest one, especially somewhere like the UK with a shortage of homes)
~35% of the inflation basket in the US is owner's equivalent rent - which is an indirect way of measuring rent: https://www.bls.gov/cpi/factsheets/owners-equivalent-rent-an...
In Canada it's ~41%.
In the UK, the subject of the OP, measured inflation is around 8% and house prices (which rose consistently above inflation for the last couple of decades) are falling.
Falling house prices are not good for homeowners.