A queue of ambulances exterior the Royal London Hospital emergency division on Nov. 24, 2022, in London. In the U.Ok., the variety of “economically inactive” individuals — these neither working nor on the lookout for a job — between the ages of 16 and 64 rose by greater than 630,000 since 2019.
Leon Neal/Getty Images
LONDON — Along with sky-high inflation and vitality prices, a Brexit-related commerce tailspin and a recession in progress, the U.Ok. financial system is being hammered by document numbers of employees reporting long-term illness.
The Office for National Statistics reported that between June and August 2022, round 2.5 million individuals cited long-term illness as the primary motive for financial inactivity, a rise of round half 1,000,000 since 2019.
The variety of “economically inactive” individuals — these neither working nor on the lookout for a job — between the ages of 16 and 64 has risen by greater than 630,000 since 2019. Unlike different main economies, latest U.Ok. knowledge reveals no signal that these misplaced employees…
2022-12-28 01:23:55 An extended-term sickness disaster is threatening the UK financial system
Source from www.cnbc.com