the bank of england has already warned of a sharp economic slowdown, as a result of rising inflation. our economics correspondent andy verity reports. at chesham market in buckinghamshire, danny wadmore is hoping the upcoming jubilee celebrations will give sales a lift. the bunting is going up, in more ways than one. every day he talks to his wholesaler and gets the same message everything s going up. everything s gone up. everything. everything i sell s gone up in price, everything. so give us an example. what about these dog beds, for example? that dog bed there, i was selling for 19.99 at christmas. it s now 29.99. with their own wages not keeping up with prices, customers aren t spending like they used to. this market survived the internet and the pandemic, but in the last six months, with pricesjumping and business down an estimated 30%, nearly half the traders have walked away. the cost of living s gone up everywhere.
andy verity reports. at cheshire market in buckinghamshire, danny is hoping the upcoming jubilee celebrations will give sales a lift. the bunting s going up in more ways than one. every day he talks to his wholesaler and gets the same message. everything has gone up, everything. everything i sell has gone up in price, everything. give us an example. what about these dog beds, for example? that dog bed there, i was selling it for 19.99 at christmas. it s now 29.99. with their own wages not keeping up with prices, customers are not spending like they used to. this market survived the internet and the pandemic, but in the last six months, with pricesjumping and business down an estimated 30%, nearly half the traders have walked away. the cost of living has gone up everywhere, all these people are self employed, they have obviously got to earn a living and their stock has gone up like my stock has gone up, and i think people are having it hard. even in a relatively prosperous commuter town
the upcoming jubilee celebrations will give sales a lift. the bunting s going up in more ways than one. every day he talks to his wholesaler and gets the same message. everything has gone up, everything. everything i sell has gone up in price, everything. give us an example. what about these dog beds, for example? that dog bed there, i was selling it for 19.99 at christmas. it is now 29.99. with their own wages not keeping up with prices, customers are not spending like they used to. this market survived the internet and the pandemic, but in the last six months with pricesjumping and business down an estimated 30%, nearly half the traders have walked away. the cost of living has gone up everywhere, all these people are self employed, they have obviously got to earn a living and their stock has gone up like my stock has gone up and i think people are having it hard. even in a relatively prosperous commuter town like chesham, there is now a toxic combination of soaring prices and stagnat
with their own wages not keeping up with prices, customers are not spending like they used to. this market survived the internet and the pandemic, but in the last six months, with pricesjumping and business down an estimated 30%, nearly half the traders have walked away. the cost of living has gone up everywhere, all these people are self employed, they have obviously got to earn a living, and their stock has gone up like my stock has gone up, and i think people are having it hard. even in a relatively prosperous commuter town like chesham, there is now a toxic combination of soaring prices and stagnating activity. stagflation is causing real economic pain. food banks are more in demand now than they were at the start of the pandemic, even though this is only a slow down and that back then was the biggest recession in 300 years. it s not in that crisis but in its aftermath and in the shadow of war that ordinary households are feeling the pinch most. while the economy did grow by 0.7% i
everything has gone up, everything. everything i sell has gone up in price, everything. give us an example. what about these dog beds, for example? that dog bed there, i was selling it for 19.99 at christmas. it is now 29.99. with their own wages not keeping up with prices, customers are not spending like they used to. this market survived the internet and the pandemic, but in the last six months with pricesjumping and business down an estimated 30%, nearly half the traders have walked away. the cost of living has gone up everywhere, all these people are self employed, they have obviously got to earn a living and their stock has gone up like my stock has gone up and i think people are having it hard. even in a relatively prosperous commuter town like chesham, there is now a toxic combination of soaring prices and stagnating activity. stagflation is causing real economic pain. food banks are more in demand now than they were at the start of the pandemic, even though this