Up to a million unemployed older people could be adding up to £30 billion to the UK's economic output, a new report claims.

Age Concern said over-50s created a quarter of the country's economic wealth and had the potential to produce much more.

An increase of just 0.3 per cent in workers aged 50-69 would add £63 billion to the country's economic output by 2021, it was suggested.

The campaign group said its research challenged the view that an ageing population was a burden on the economy.

Gordon Lishman, director general of Age Concern said: "It is high time we lost our ageist attitudes, not our older workers."

Tuesday February 10, 2004