Ageing  Population  Worries UK Businesses
World Economy

Ageing Population Worries UK Businesses

The ageing population poses a threat to the UK economy business leaders have warned in an open letter pledging to do more to address the challenges posed by the demographic shift, NewsNow reported. A group of major national and international companies have signed an open letter and pledged to “work over the next five years to help make our ageing society and economy more sustainable”. In the letter, the companies point out that “without action, our ageing society poses a risk to the UK economy and our business.” The businesses highlight that demographic change today means that we are “already witnessing shortages in critical parts of our economy”. On the one hand, the business leaders recognize the potential of older consumers. But, they also highlight that too few people are saving enough to have a good retirement. They also point out that having a healthy workforce will be key to addressing the UK productivity, yet point out that more investment in healthy ageing needs to be made.

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