UK retirement age should rise from 66 to 71 to balance pensions, study finds. Only 50% of septuagenarians able to continue working, according to ILCUK report.
UK has seen soar in number of inactive people due to chronic illnesses. A reduced labor force creates "enormous labor shortages that must be filled by migrant labor," authors say.. The entry into force of Brexit at the start of 2021 made it particularly difficult for hundreds of thousands of workers from the European Union to come to the United Kingdom.