Good morning.
People who retired during the pandemic should go back to work to help the ailing economy, the boss of John Lewis has said.
Dame Sharon White urged the Government to encourage people – mainly in their 50s – who’ve stopped working to rejoin the workforce amid fears a labour shortage will keep driving up inflation.
She told the BBC: “Regardless of what has happened coming out of Covid, if the labour market is that tight, if we continue to have far fewer people in work, looking for work – you’ve inevitably got more inflation and more wage inflation.”
The John Lewis chairman said she’d never seen “such a combination of some very difficult factors” impacting the economy during her career and said it was crucial Britain avoided a period of stagflation.
She said introducing flexible retirement plans and skills courses for older workers to retrain in different jobs could encourage people back into work.
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