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Cost of living crisis

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Northern Irish capitalism: Misery and exploitation for workers and young people

Working class and young people have seen their wages eroded by an increasing cost-of-living, leading to a real downturn in standards of living. And the economy in the North seems to only be getting worse. Business insolvencies (effectively bankruptcies) in the last quarter of 2023 were 62% higher than in the previous year and were at the highest rate since the data series began in 1960.