Can it be true that only 18 months into a recovery we
seem already to have the worst signs of overheating, with employers complaining
of a chronic shortage of skilled workers in the midst of a rampantly rising
housing market? It seems bizarre when Britain has only just clawed back the
output lost in the last recession. Such worries usually follow a 10-year run of
growth, and one that looks exhausted and unstable. Then it comes as no surprise
to be watching as house prices rise to unsustainable levels and employers
source workers from abroad. After all, that was how 2005 looked following a
decade of success. Read more on the Guardian website.
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