Part 5/11:
The current state of the economy presents a grim reality for many Britons. Inflation reached a staggering 41-year high in October 2022, leading to a drop in purchasing power that has hit households hard. Basic necessities—food, housing, and energy—are becoming increasingly unattainable, with rental prices and property prices continuing to ascend, disenfranchising young families who find themselves trapped in a cycle of renting with little hope of homeownership.