UK Seeing a 'Massive Adjustment' in Labor Market, LSE Director Says - NewsBreak

British businesses have been blighted by a combination of worker shortages and supply chain disruptions that have sent wages and prices skywards across a range of sectors. The U.K. consumer price index climbed 2.1% in the year to July, above the Bank of England's target, having hit 2.5% in June, its highest reading since August 2018.