In the Lake District national park area, demand for properties dipped 5% in 2022, while in Wales enquiries fell 10%.

“Let’s be clear, the so-called ‘golden era’ is over,” Sunak said of U.K.-China relations in his first major foreign policy speech.

A historically weaker pound on a medium- to long-term basis has a variety of impacts on the U.K. more broadly, economists told CNBC.