Most 50-64 years olds who have left jobs since the pandemic began neither want nor expect to return to work, says a report from the House of Lords Economic Committee. And the majority appears to be reasonably well off. Although they may not yet feel the full impact of the cost of living crisis iot would be unwise to formulate policy on the basis that a significant proportion of them will return to work – or be persuaded back. The report – “Where have all the workers gone?” – suggests three reasons: changes in lifestyle and savings made during the pandemic, and the flexibility of UK pensions.

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