Half a million workers drop out

UK inflation at a 40-year high

LONDON:

The number of people who have dropped out of Britain’s job market since 2019 and who now cite a long-term illness or mental health problems has risen by half a million, or about 25%, the Office for National Statistics (ONS) said. The increase in long-term sickness started in 2019, before the pandemic, ahead of rising sharply by 363,000 between early 2020 and the three months to the end of August 2022 to reach 2.5 million, it said. The analysis adds to the Bank of England’s (BoE) worries as it seeks to tame inflation, now at a 40-year high. The BoE is concerned that the number of people leaving Britain’s workforce will fuel inflationary pressures.

Published in The Express Tribune, November 12^th, 2022.

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