Are we getting poorer?
The Bank of England governor Mark Carney has warned of a consumer spending squeeze this year as inflation rises and real wages fall. Andrew Lilico, executive director of Europe Economics, and Professor Ngaire Woods, dean of the Blavatnik School of Government at Oxford University, discuss variables that will affect the UK's financial forecast over the next couple of decades, including the Brexit trade deal. (Image: Sterling notes and coins. Credit: PA)