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"UK unemployment has increased again, risen to 5%, the highest level in four years. A grim budget rumoured Is this still the tories fault or will Labour accept responsibility " It's a whole lot more complicated than that. | |||
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"1,740,000 unemployed 717,000 advertised job vacancies 2.5 jobs available for each non working person. " I think you will find it is 2.5 people for every advertised job.  | |||
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"1,740,000 unemployed 717,000 advertised job vacancies 2.5 jobs available for each non working person. " You made a post. 4 people responded sharing their thoughts. You ignore them and proceed with some data. Perhaps you should engage rather than posting more data with lack of context? | |||
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"Any rise in unemployment isn’t great but a reminder that it peaked at almost 12% of the workforce & over 3 million out of work under Thatcher. So, it could be a lot worse." That will make the unemployed feel better! | |||
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"I don’t think their activists will allow them to do what is actually required to grow the economy (ie go back to their initial growth agenda) and so we are stuck. " I'm not sure what this means. I don't know what "their activists" are you're referring to? But more importantly, I would like to know what "growing the economy" looks like or even means, as governments as far back as I've been alive have spoken of this or promoted/promised it and put it front shop window of their policy agenda, yet I've only ever known stagnation and decline... | |||
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"UK unemployment has increased again, risen to 5%, the highest level in four years. A grim budget rumoured Is this still the tories fault or will Labour accept responsibility " A reasonable chance companies are awaiting the budget before deciding on any hiring policy. Last time round they got hammered with the chancellor making it more expensive to hire people so I can understand their caution. Unfortunately for now the figures are going in the wrong direction and responsibility lies with anyone except the government | |||
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"I don’t think their activists will allow them to do what is actually required to grow the economy (ie go back to their initial growth agenda) and so we are stuck. I'm not sure what this means. I don't know what "their activists" are you're referring to? But more importantly, I would like to know what "growing the economy" looks like or even means, as governments as far back as I've been alive have spoken of this or promoted/promised it and put it front shop window of their policy agenda, yet I've only ever known stagnation and decline..." You wasn't around in the Blair era? The financial markets, credit for all and PFI funded public projects fed the boom of a generation. | |||
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"But more importantly, I would like to know what "growing the economy" looks like or even means, as governments as far back as I've been alive have spoken of this or promoted/promised it and put it front shop window of their policy agenda, yet I've only ever known stagnation and decline..." Do you remember nothing of the 90s, or the Blair years? | |||
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"1,740,000 unemployed 717,000 advertised job vacancies 2.5 jobs available for each non working person. " Don't forget, there's upward competition - many of us looking to get a salary increase. | |||
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"Any rise in unemployment isn’t great but a reminder that it peaked at almost 12% of the workforce & over 3 million out of work under Thatcher." At least Thatcher had a plan, and was capable of stating what it was. And the unemployment figures did come back down after she stuck to the plan. I'm not sure that the current government have any idea what they want to do, and I don't know anyone that has any confidence that it'll all come right in the end. | |||
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"I don’t think their activists will allow them to do what is actually required to grow the economy (ie go back to their initial growth agenda) and so we are stuck. I'm not sure what this means. I don't know what "their activists" are you're referring to? But more importantly, I would like to know what "growing the economy" looks like or even means, as governments as far back as I've been alive have spoken of this or promoted/promised it and put it front shop window of their policy agenda, yet I've only ever known stagnation and decline... " We are a large, mature economy. It's quite difficult to grow that. The emphasis should be changed, and focused on "population satisfaction" or something like that. Economic growth, with how the world's economy is structured, really only benefits a small number of people and organisations. Taxes have a place, redistribution, freeing up resource. Which is why it is better to tax wealth, it's locked up at present. Taxing the bottom half is pointless, they are generally spending their wealth not saving it. The Government needs to finally turn their back on austerity and privatisation. They need to spend into the economy to raise everyone's life experiences, this is how they get approval. | |||
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"The Government needs to finally turn their back on austerity and privatisation. They need to spend into the economy to raise everyone's life experiences, this is how they get approval." Really? Whose money are they going to spend? Socialists always run out of someone else’s money. The answer is to cut waste and inefficiency, cutting the almost unbelievable amount spent on welfare is the first port of call. Then the NHS and general government spending can be drastically reduced by improving productivity. Spend money on worthwhile things not welfare. | |||
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"The Government needs to finally turn their back on austerity and privatisation. They need to spend into the economy to raise everyone's life experiences, this is how they get approval. Really? Whose money are they going to spend? Socialists always run out of someone else’s money. The answer is to cut waste and inefficiency, cutting the almost unbelievable amount spent on welfare is the first port of call. Then the NHS and general government spending can be drastically reduced by improving productivity. Spend money on worthwhile things not welfare. " You know the bulk of the welfare bill is pensions and in work benefits don't you? But more to the point, we have a fiat currency, the government is the issuer, and can create as much as is needed (as we did for covid, or are doing for Ukraine etc.). Spending comes before taxing, i.e. the whole myth of balancing, or not having the funds is total rubbish. Taxing is just a way of destroying the money created. Any money not removed in this way is what is marked as "debt". | |||
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"The number of people claiming unemployment benefit is slightly lower than this time last year, the number of job vacancies is stable and many companies will be holding off until after the budger, so I wouldn't panic just yet. We'll have a better picture of what's really going on after Q1 2026." Incorrect. The claimant count is up by 64,600. Meanwhile 10 year gilt yield is up to 5.21%, highest since August 1998. | |||
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"The Government needs to finally turn their back on austerity and privatisation. They need to spend into the economy to raise everyone's life experiences, this is how they get approval. Really? Whose money are they going to spend? Socialists always run out of someone else’s money. The answer is to cut waste and inefficiency, cutting the almost unbelievable amount spent on welfare is the first port of call. Then the NHS and general government spending can be drastically reduced by improving productivity. Spend money on worthwhile things not welfare. You know the bulk of the welfare bill is pensions and in work benefits don't you? But more to the point, we have a fiat currency, the government is the issuer, and can create as much as is needed (as we did for covid, or are doing for Ukraine etc.). Spending comes before taxing, i.e. the whole myth of balancing, or not having the funds is total rubbish. Taxing is just a way of destroying the money created. Any money not removed in this way is what is marked as "debt"." MMT and what you’re saying ref printing money is a one way road to high inflation and worthless cash. It’s not in the government’s interest to keep printing money as it devalues the tax they take, and nobody is going to be happy wheeling a barrow load of cash to the local shop for a loaf of bread. It is the governments job to create the landscape for business to be able to grow and with it comes productivity, jobs and a stronger economy. The problem we have is Labour talked up the landscape and have failed to underpin it, in fact they broke it with Employer NI increases. | |||
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"Incorrect. The claimant count is up by 64,600. Meanwhile 10 year gilt yield is up to 5.21%, highest since August 1998." According to the House of Commons Library there were 1.7 million unemployment benefit claiments in October 2025, 64,600 less than in October 2024. The current 10 year gilt bond yield is 4.4%. | |||
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"UK unemployment has increased again, risen to 5%, the highest level in four years. A grim budget rumoured Is this still the tories fault or will Labour accept responsibility " Both The Tories for Brexit and all sorts of messed up policies and cuts to every service, everywhere for over a decade. Labour for waltzing into Government, going ‘That’s how you hold onto power then?’ and aping them in every way possible. It’ll still be Reform’s fault when they get in with all the old Tory defectors, with the same agendas, hoodwinking people into voting for them again just because they’d happily suck Nigel’s racist dick for money too. We need something genuinely different - a Government that comes in with a long term plan to ramp up the economy and bring jobs back. Not just constant scapegoating of minorities, while people with enormous wealth continue to keep policies in place that allow them to consolidate their privilege. | |||
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