Britain will over the coming months endure the biggest rise in unemployment of any major advanced economy.
That was the conclusion of the Organisation for Economic Co-operation and Development (OECD) last week, when it warned that UK joblessness will soar from 4.8pc last year to 5.5pc by the end of 2026.
When Labour took office in July 2024, unemployment was just 4.1pc. But the number of payrolled employees has since fallen in fourteen of the twenty-one subsequent months to April – with around 1.81 million now unemployed.
It is unusual, when the population is rising, for the number of payrolled jobs across the economy to fall.
But that pattern has been broken under Labour.
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🔥What's the ground situation in Makerfield?
🔥The wife of which disgraced ex-Labour MP is working on the Burnham campaign?
🔥What's the plan for personnel who still work in the Starmer government?
🔥Why is Labour arguing publicly about EU again?
https://t.co/pwBKfkqETT
The nauseating hypocrisy of E Miliband is jaw-dropping. He and his kind across the political class — Labour, Tory, Lib Dem, SNP — promoted the very energy policies that lumbered Britain with the highest industrial energy costs in the world, making industries like steel uneconomic. They tolerated no dissent from their net zero nonsense even as deindustrialisation gathered pace. And now Miliband has the audacity to pose as the saviour of British steelworkers! In truth, the British political class has shamefully failed them, none more so than net zero zealot Miliband.
Andy Burnham branded a 'hypocrite' after taxpayer-funded spending on consultants triples to £27million a year under Manchester mayor - despite previously slamming 'indefensible' waste https://t.co/yuZoUG3bAU
Labour was built on the trade union link, but what happens if that link breaks?
@MrTCHarris argues the party is facing an existential shift as unions criticise key policies and some members drift towards Reform UK ⤵️
https://t.co/RrjPIwuNbW
💥✍️ "When The Facts Change" Post
"Leading economists" finally admit the UK is on course for an IMF bailout ....
Where have they been for the past 12/18 months !?!!
If our careerist, complacent "economics establishment" had started speaking out earlier, clearly warning of the dangers of ever rising borrowing and spending, the UK might now be in a much stronger position ...
Instead, we are on the brink of a proper fiscal meltdown ...
Link to free-to-access "When The Facts Change" post below
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When The Facts Change: Economics and Politics in a fast-moving world, with Liam Halligan
https://t.co/p6UXQ71yMb
@DawnButlerBrent@AndyBurnhamGM I always find it amazing how politicians flood a area for votes such as Makerfield, and when a MP is decided , they all disappear and the voters again are forgotten, and yet politicians wonder why they are held in low esteem