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Podcast: Beyond Currency
Episode: 2 February 2023 - House prices fall by 0.6% in January
Description: UK consumers are seeing their confidence to be able to perform the tasks that until recently seemed perfectly normal to them; put food on the table, provide a warm, family home and go to work for a wage which allows them to once in a while enjoy one or two luxuries, drain away
Longer term, buying a house or a car are no longer considered within reach, and this disenchantment is manifesting itself in industrial action as real wages continue to fall.
While not every reason for the current cost of living crisis can be laid at its door, the...