The UK was already in recession by time. Soros most definitely did not cause it. The British economy rebounded sharply afterwards, helped at least in part by the fact that British labour was suddenly more price competitive.
That seems to translate to "workers were getting paid less and their savings were devalued" to me. Am I mistaken?
Sure, that's one way to look at it. But then you have to ask yourself why countries deliberately try to devalue their currencies and why other countries get mad when that happens.
This isn't just about countries as an abstract. It's about the people and the impact on them.
Black Wednesday happened in 1992. In 1991 inflation in the UK was 7.46%, in 1992 it dropped to 4.59% and in 1993 to 2.56%. So, who was really responsible for reducing the purchasing power of British workers? Soros or the BoE?