The real wages in Britain have dropped the most since 2014 due to the rising inflation, according to the data released by Office for National Statistics. The Bank of England warned that inflation in the United Kingdom is expected to reach 7.25% by April this year, while the average inflation rate will exceed 6% in 2022. The UK is witnessing a 30-year high inflation rate, which is worsening the country's cost-of-living crisis. In this episode of BizBeat, CGTN's Michael Wang explains.