The lack of available workers has become one of the most pressing economic issues the country faces.
Britain faces a £16 billion annual bill to cover the spiralling cost of disability benefits over the next five years as the country grapples with the longest sustained rise in health-related inactivity since the 1990s.
Resolution’s analysis of both official jobs data and government benefit payments found that the problems appear to be concentrated among the young, aged 16 to 24, and the old, aged 55-64. The figures tally with Office for National Statistics data on overall economic inactivity, which shows that the young and the old account for 90% of the increase since 2019.
Resolution said the trend reflected older workers being more likely to experience ill-health, with more than half of all Universal Credit claimants aged 58 and above suffering from a work-limiting health condition, “and a worrying recent trend of deteriorating health among young people.”
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