UK labour supply inquiry: Bank of England and Ministers at DWP and BEIS to give evidence.
On Tuesday 8 November, the Economic Affairs Committee holds its next oral evidence sessions on UK labour supply.
At 4pm, the Committee will hear from:
- Huw Pill, Chief Economist and Executive Director for Monetary Analysis at the Bank of England.
At 5pm, the Committee will hear from:
- Guy Opperman MP, Minister of State at the DWP
- Kevin Hollinrake MP, Parliamentary Under Secretary of State at BEIS
- Ronan O’Connor, Director of Labour Markets Strategy at DWP
- Mike Warren, Official at BEIS
Topics the committee is likely to cover in these sessions:
- The impact of UK labour shortages on inflation and economic growth
- The risk of wage-price spiral
- Long-term sickness
- Economic inactivity of the over 50s since the start of the pandemic
- Migration trends since Brexit
- The prediction of a UK recession until Summer 2023
Meeting details
The committee’s work can be followed on its website and via Twitter.
Vacancies are still at record levels and above pre-pandemic levels in all industries. The Committee seeks to examine the causes of the reduction in the size of the labour force and which sectors are most affected.