The Labour Government

Brewster's millions said:
Presumably car production must have fallen again in October, given the monthly decline in GDP.

Did it fall in October?
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Don't know, can't be bothered writing to the financial chap off the radio to fact check him because there's this random bloke on a footy website who always knows best whatever the reply.
 
blueinsa said:
Unemployment rose to 5.1% from August to October.

2.5 unemployed for every job vacancy, up from 1.8 per vacancy 12 months ago.

When will she admit the rise in NI costs to employers was a tax on jobs?
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If you want people to do less of something (smoke, drink, eat sugary foods, etc etc) you tax them more to make it more expensive. When you make employment more expensive you shouldn’t be surprised when there is less of it.
 
blueinsa said:
Unemployment rose to 5.1% from August to October.

2.5 unemployed for every job vacancy, up from 1.8 per vacancy 12 months ago.

When will she admit the rise in NI costs to employers was a tax on jobs?
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"Full employment" is usually considered to be around 4-5%, but usually nearer to 5%. A figure much higher than that usually leads to higher inflation. Maybe we are at the sustainable level for the economy.

Obviously any increase in the rate is disappointing but a small rise like this is not unusual.

Ni is not a tax on apprenticeships as there is no NI to pay. A quick search has just come up with nearly 4000 apprentice vacancies, none of which are subject to NI. I wonder why there are so many unfilled??
 
hampshireblue said:
"Full employment" is usually considered to be around 4-5%, but usually nearer to 5%. A figure much higher than that usually leads to higher inflation. Maybe we are at the sustainable level for the economy.

Obviously any increase in the rate is disappointing but a small rise like this is not unusual.

Ni is not a tax on apprenticeships as there is no NI to pay. A quick search has just come up with nearly 4000 apprentice vacancies, none of which are subject to NI. I wonder why there are so many unfilled??
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It’s risen from 4.1% to 5.1% under Labour.

Small?
 
hilts said:
I don't believe anywhere else paying the wages we do to ministers would get you an 'idiot'
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It is a myth that most MPs could walk into private sector jobs which pay them £100,000, Most of them end up in Mickey Mouse consultant jobs provided by their political cronies. It is also a myth that most of them work harder than the rest of us. They have had a £14,000 rise on basic pay in the last five years. They are just taking the piss out of us.
 
blueinsa said:
Unemployment rose to 5.1% from August to October.

2.5 unemployed for every job vacancy, up from 1.8 per vacancy 12 months ago.

When will she admit the rise in NI costs to employers was a tax on jobs?
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I honestly don’t think they understand the basics. Tax something more and generally consumption/usage will reduce. Not sure what they expected to happen and it’s just going to get worse.
 
blueinsa said:
It’s risen from 4.1% to 5.1% under Labour.

Small?
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Nothing like moving the goal posts. Your post referred to August to October and it was that which I replied-not back to July 2024. So yes, small for the latest quarter. And it still shows we are pretty much at full employment.

No reference from you regarding apprenticeships for which NI is clearly not a barrier to getting work.

We keep hearing about 16-25 years olds being in neither education or employment. What are the 16 and 17 year olds living on. Limited access to benefits and the parents lose their child allowance if they are not in education. That particular group needs a close look at what's going on.
 
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bobbyowenquiff said:
It is a myth that most MPs could walk into private sector jobs which pay them £100,000, Most of them end up in Mickey Mouse consultant jobs provided by their political cronies. It is also a myth that most of them work harder than the rest of us. They have had a £14,000 rise on basic pay in the last five years. They are just taking the piss out of us.
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And they get access to the cheapest bar in London FFS!
 
hampshireblue said:
"Full employment" is usually considered to be around 4-5%, but usually nearer to 5%. A figure much higher than that usually leads to higher inflation. Maybe we are at the sustainable level for the economy.

Obviously any increase in the rate is disappointing but a small rise like this is not unusual.

Ni is not a tax on apprenticeships as there is no NI to pay. A quick search has just come up with nearly 4000 apprentice vacancies, none of which are subject to NI. I wonder why there are so many unfilled??
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I assume you mean that full employment is usually seen to exist when the unemployment rate is around 4-5%, rather than employment itself.

And that inflation tends to rise when the unemployment rate falls below this level, rather than rises, as you state.

I suppose it’s a nice attempt to steer the conversation away from just how inept this government is. But if the natural rate of unemployment has indeed increased over the past year or so, then Reeves’ policies are likely to have driven it higher. Higher employment taxes, outsized increases in the minimum wage and concerns around the ruinous proposed change in employment rights are all likely to have increased structural unemployment.

Add that to the fact that the economy has flatlined since May, and it’s hardly a surprise that the unemployment rate keeps rising. It is what Labour Chancellors do, after all.
 
Gabriel said:
Still find it bewildering that employment figures keep coming out without specific mention of AI and its effects. People instead prefer squabbling over whom they think can/could do better, when there’s no discussion of the elephant in the room.
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They think if they ignore it, it will go away. Disney have just got into bed with Sora, that’ll dump hundreds of artists etc in the scrap heap in America and that’s just the start, it will start happening here and get faster paced next year. A lot of people got a shock coming in next 5 years and I don’t know what any governments can do about it.
 
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