First we had the nice resignation and now we could also be seeing a brand new pattern emerge ‘unretirement’.
Amid the turmoil of the pandemic, Britain’s financial system threw up the puzzle of a dramatic rise in financial inactivity – as about 565,000 individuals dropped out of the workforce to a place the place they have been neither working or on the lookout for work.
These lacking staff aren’t claiming unemployment advantages however are one way or the other getting by underneath their very own steam.
The phenonomen is nice sufficient that the ONS and Financial institution of England have regarded into it and an inquiry by a Home of Lords committee says that early retirement amongst these aged 50 to 64 could also be the primary driver of the pattern.
However there are additionally tentative indicators of a few of these individuals ‘unretiring’, so what’s going on?
On this podcast, Georgie Frost, Helen Crane and Simon Lambert delve into the difficulty. Why do individuals wish to take early retirement, why are some now returning to work – and what would tempt extra again to spice up productiveness and the financial system?
I might moderately be browsing: Would something tempt you again to work when you had taken early retirement?
Plus, the staff have a look at the inventory market winners and losers of 2022 – and why the FTSE 100 managed to maintain its head whereas different main markets suffered.
Additionally on the agenda are log burners: can they actually be cheaper than your central heating or are they only a function for the house?
And eventually, used automobile costs have continued to defy the same old method of issues and rise once more this yr, is that now coming to an finish and what have been the fashions that rose essentially the most in worth over 2022?
Merry Christmas from the That is Cash podcast staff.