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Page last updated at 06:40 GMT, Tuesday, 23 August 2011 07:40 UK

Real economy: Commodity prices

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The pain of recession and debt on our economy has been made more complicated by rising commodity prices.

In the first of a series of reports on major challenges to the front line of the British economy, Today presenter Evan Davis has been to South Wales to reflect on why more expensive raw materials can be seen as a "whopping great tax" on the UK economy.


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