How a shortage of workers is pushing up wages, inflation and interest rates

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Added 10 months ago by VideoK

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Inflation risks becoming "ingrained" in the UK economy partly because fewer people are available or willing to work.

Brexit caused a reduction in the pool of immigrant workers, and lockdown has reduced the number of older people willing to return to the workplace, and that has pushed wages up.

That might be good news for individuals, but it is forcing up inflation and pushing the Bank of England into raise interest rates.

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