UK labour supply inquiry Huw Pill and government ministers to give evidence
Monday 7 November 2022
On Tuesday 8 November as part of its inquiry on the UK’s labour supply the House of Lords Economic Affairs Committee with be taking evidence from two panels of witnesses.
At 4pm the committee will hear from:
- Huw Pill, Chief Economist and Executive Director for Monetary Analysis, Bank of England.
At 5pm the committee will hear from:
- Guy Opperman MP, Minister of State at the Department for Work and Pensions
- Kevin Hollinrake MP, Parliamentary Under Secretary of State at the Department of Business, Energy and Industrial Strategy
- Ronan O’Connor, Director, Labour Markets at the Department for Work and Pensions
- Mike Warren, Director, Labour Markets at the Department for Business, Energy and Industrial Strategy.
The meeting will be held in Committee Room 4A of the House of Lords. It will also be streamed live on Parliament TV.
Topics the committee is likely to cover in this session include:
- The impact of labour shortages on the UK economy, inflation and growth.
- Why vacancies have increased to record levels and remained high.
- The effect migration trends are having on the labour supply.
- Why the UK is suffering from rising levels of inactivity compared with many of our economic peers.
- How the Government is addressing short-term labour market shortages.
- Whether the recent fall in natural gas prices will affect the Bank of England’s inflation projections.
- How long the UK’s recession will last.
More about this inquiry
Vacancies are still at record levels and above pre-pandemic levels in all industries. The committee is seeking to understand the main causes of the reduction in the size of the labour force, and it will explore data on the types of people who have left the labour market.
The committee is also interested in what differences exist between labour market trends in the UK compared with those in other developed countries.
The committee’s work can be followed on its website and via Twitter.
