'We all have to take our share.'
A chief economist has said British households and businesses 'need to accept' they are poorer amid the cost-of-living crisis.
Speaking on the Beyond Unprecedented podcast from Columbia Law School, Mr Pill said: "The UK, which is a big net importer of natural gas, is facing a situation where the price of what you’re buying from the rest of the world has gone up a lot, relative to the price of what you’re selling to the rest of the world, which is mainly services in the case of the UK.
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