The pandemic has made Britain’s economy even more British, as workers born in the EU walk away.
Around a quarter million people from the EU have left the UK economy since the start of the year, according to Britain’s Office for National Statistics, as the number of EU nationals who were employed, unemployed, or economically inactive declined substantially. “The UK labor market has seen a pretty dramatic change over the last couple of months,” Sanjay Raja, an economist at Deutsche Bank, said in an email. The drop in labor participation from EU nationals suggests many workers went home during the pandemic, perhaps because of travel restrictions, Raja said.
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