“It is too soon to declare victory just yet' On interest rate rise, Bank of England governor Andrew Bailey says “we need to be absolutely sure we’re turning the corner on inflation”
Economics editor
The workforce has not returned to its pre-pandemic size, unlike other major economies. This is mainly down to early retirements and therefore is likely to prove permanent. Fewer EU workers in key shortage sectors also plays a part. It believes that the expected fall in UK productivity after Brexit “might have occurred more quickly than previously assumed”.
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