‘Great Resignation’ Among Over-50s Is Driving up Inflation, Says John Lewis

Shoppers walk past a John Lewis store in Oxford Street, central London on July 2, 2020. Ben Stansall/AFP via Getty Images

Over-50s leading a “great resignation” have shrunk the UK labour market and driven up inflation, the boss of John Lewis has said.

An exodus of around a million people from the workforce since the pandemic has led to an increase in inflation and wage growth, chairwoman Dame Sharon White told BBC Radio 4’s Today programme.