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27th Jul 2023 19:51U.K., Weekly Monitor

  • Economic inactivity due to ill health has risen by 412K since February 2020, and likely won’t fall soon.
  • The increase partly reflects the surge in NHS waiting lists; expect no progress until late 2024 at the earliest.
  • Access to incapacity benefits appears to have loosened since the pandemic, blunting work incentives.

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Keywords for: 31 July 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence