Few places expose the uneven economic impact of the U.K.’s Covid crisis more clearly than the property market. The following charts show the scale of the disparity: Out of Reach First-time buyers are now paying almost $600,000 to live in London Source: Nationwide Building Society Property ownership — long a struggle for low earners — has increasingly become the preserve of the better off. […] He still expects demand to “be hit by the reversal of the property tax cut” and the end of government wage-support programs. […] Those under the age of 25 are more likely to have found themselves unemployed, not only hampering their prospects now but putting their future earnings potential at risk. Young people are also more likely to work in industries that have been shuttered as part of the Covid restrictions, such as retail, hospitality, the arts, and travel.
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