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Topic: Business
Number of pages / Number of words: 5 / 1135
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An increased number of older workers were registered due to lower projected pensions and anti-age-discrimination legislation.1 The modest downturn of the economy in 2005 might also have had some ramification. John Hawksworth, macroeconomist at PWC, considers increased immigration in the UK labor market to be essential in propping up the world's fourth largest industrial economy since the UK population is ageing...


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His research suggests that immigrants positively contribute to the British pension crisis, especially as the 1945 baby boom state pension age was reached in 2006. Secondly, there is a current shortage of highly skilled workers in key sectors, such as IT. Thirdly, the British population is becoming more highly skilled and people are enjoying a better level of education...


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