UK economy facing serious challenges – House of Lords ...News

Early retirement and an aging population are causing labor shortages in the country, a report warns An exodus of more than half a million people from the British workforce since the coronavirus pandemic is posing serious challenges for the nation’s economy, a House of Lords report has warned. According to a report entitled “Where have all the workers gone?”, issued by the Economic Affairs Committee on Tuesday, earlier retirement among 50- to 64-year-olds is the biggest of four factors that have made it harder to fill jobs. The report highlighted that increasing sickness, changes in the structure of migration, and

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UK economy facing serious challenges – House of Lords ...News

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