Article 670T3 Exodus of more than half a million from workforce ‘puts UK economy at risk’

Exodus of more than half a million from workforce ‘puts UK economy at risk’

by
Richard Partington Economics correspondent
from on (#670T3)

Loss of employees since Covid raises fears of weaker growth and higher inflation, says Lords report

An exodus of more than half a million people from the British workforce since the Covid pandemic is putting the economy at risk of weaker growth and persistently higher inflation, a Lords report has warned.

The House of Lords economic affairs committee said the sharp rise in economic inactivity - when working-age adults are neither in employment nor looking for a job - since the onset of the health emergency was posing serious challenges" to the economy.

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