UK missing 570,000 workers with no end in sight to severe staff shortages

Record numbers of job vacancies and higher wages failing to attract people back to work

Bank of England policymakers fear Britain's currently high inflation could become entrenched.

The tightest UK labour market in living memory is failing to tempt people back into work, creating severe shortages for employers.

Unemployment is at levels that were last lower in the 1970s, and job vacancies are at record highs. Yet there are 570,000 fewer available workers than before the pandemic struck.