House Prices Falling Fastest For 30 years

The video discusses the declining housing market in the northwest, highlighting challenges for first-time buyers due to falling house prices and a credit crisis. It covers the impact of reduced mortgage availability and government efforts to address the credit crunch. The economic effects are also felt in retail, with falling sales despite rising prices, indicating a potential recession.

What does the British Retail Consortium report about retail sales?

What impact has rising food, petrol, and energy prices had on consumer spending?