Jeremy Hunt’s message to some of the nation’s close to nine million economically inactive people is that life “doesn’t just have to be about going to the golf course”. Yet the chancellor may be looking in the wrong places in his quest to solve the UK’s labour shortages.
Lane Clark & Peacock, an actuarial and financial consulting firm, said that what has been called the “great retirement” may be more accurately termed the “great sickness”.
While economic inactivity has hit a seven-year high, the firm pointed out that recent figures suggested that early retirement explained none of the increase in the phenomenon since the start of the pandemic. It found that there were fewer people of working age who were retired now than there were
