UK Economy Grew 0.1% in Fourth Quarter

The video discusses the UK's economic situation, highlighting a 0.1% GDP growth that narrowly avoids recession. It examines the sharp decline in house prices due to high interest rates and the reluctance to take out mortgages. Additionally, it covers the 9.7% increase in the national living wage, which nearly matches inflation, and contrasts it with the lower wage growth in the public sector, leading to industrial actions.

What has been the impact of high interest rates on house prices?

What is the relationship between the rise in the national living wage and inflation?