Would you be tempted to 'unretire' after quitting work early? The mystery of Britain's missing workers
Dec 23, 2022, 11:13 AM
First we had the great resignation and now we may be seeing a new trend emerge 'unretirement'.
Amid the turmoil of the pandemic, Britain's economy threw up the puzzle of a dramatic rise in economic inactivity - as about 565,000 people dropped out of the workforce to a position where they were neither working or looking for work.
These missing workers aren't claiming unemployment benefits but are somehow getting by under their own steam.
The phenonomen is great enough that the ONS and Bank of England have looked into it and an inquiry by a House of Lords committee says that early retirement among those aged 50 to 64 may be the main driver of the trend.
But there are also tentative signs of some of these people 'unretiring', so what is going on?
On this podcast, Georgie Frost, Helen Crane and Simon Lambert delve into the issue. Why do people want to take early retirement, why may some now be returning to work - and what would tempt more back to boost productivity and the economy?
Plus, the team look at the stock market winners and losers of 2022 - and why the FTSE 100 managed to keep its head while other major markets suffered.
Also on the agenda are log burners: can they really be cheaper than your central heating or are they just a feature for the home?
And finally, used car prices have continued to defy the usual way of things and rise again this year, is that now coming to an end and what were the models that rose the most in value over 2022?
Merry Christmas.
Amid the turmoil of the pandemic, Britain's economy threw up the puzzle of a dramatic rise in economic inactivity - as about 565,000 people dropped out of the workforce to a position where they were neither working or looking for work.
These missing workers aren't claiming unemployment benefits but are somehow getting by under their own steam.
The phenonomen is great enough that the ONS and Bank of England have looked into it and an inquiry by a House of Lords committee says that early retirement among those aged 50 to 64 may be the main driver of the trend.
But there are also tentative signs of some of these people 'unretiring', so what is going on?
On this podcast, Georgie Frost, Helen Crane and Simon Lambert delve into the issue. Why do people want to take early retirement, why may some now be returning to work - and what would tempt more back to boost productivity and the economy?
Plus, the team look at the stock market winners and losers of 2022 - and why the FTSE 100 managed to keep its head while other major markets suffered.
Also on the agenda are log burners: can they really be cheaper than your central heating or are they just a feature for the home?
And finally, used car prices have continued to defy the usual way of things and rise again this year, is that now coming to an end and what were the models that rose the most in value over 2022?
Merry Christmas.