Transcripts for BBCNEWS World Business Report 20210930 04:38

BBCNEWS World Business Report September 30, 2021 04:38:00

work is a short—term impact on the impact of the pandemic very shortly after brexit, companies not having hired for 18 months, switching everything on the 18 month sound peaking at levels we have never seen before and what is the long—term effect of where the labour market is. we do think that we are heading for a very tight ten to 15 years in the british labour market for a lot of different reasons. when we were talking about the design of this new immigration system, we talk about an immigration system that works for the economy, and that works for the economy, and thatis that works for the economy, and that is about what is in the uk, but if the economy has needs, the system will have two flex to meet that because first and foremost if we can't do that then the capacity constraints that are put on companies by labour shortage woman economic growth is lower, prices will go up for consumers, and that picture of lower growth and higher inflation is when we recognise, and we recognise from the 1970s

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