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THE health of Britain’s labour market and pay-rise levels have been hugely overstated, a leading think tank will warn today.
Hours worked in the British economy remain at recession levels, and most vacancies are still relatively easy to fill, despite the focus on shortages in some sectors, the Resolution Foundation says.
Its survey of 8,000 workers found that four in five who were furloughed during the first and second lockdowns are back working, while vacancies are higher than pre-crisis levels.
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