Cost of living continuing to rise in UK

The video discusses the impact of inflation on the knitwear business, highlighting how the devaluation of the pound has increased business costs. It explains the pressure on wages due to rising living expenses and the potential economic challenges if wages do not keep pace with inflation. The video also examines consumer spending trends, noting a slowdown in non-essential purchases. It concludes with a discussion on future economic predictions, emphasizing the uncertainty surrounding Brexit and its potential impact on inflation and the economy.

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