The Labour Government

Brewster's millions said:
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.
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Yes, sorry I typed it quickly. An unemployment rate around 4-5% is seen as an economy operating at or close to capacity. And yes, inflation rises as the level of unemployment falls.

There are a myriad of reasons why unemployment has risen including the ones you have mentioned. It's interesting you only support employers and clearly believe the minimum wage is set too high as well as chooing to ignore my points on apprenticeships and the large number of vacancies.

The highest rate in modern times was nearly 4 years into Thatcher's regime. But that couldn't be blamed on Labour as it was way more than 18 months into her government. ;-)
 
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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I'm not having that many jobs have fallen to AI. Yes it's a useful tool and can help drive efficiencies but I don't see many roles that can be replaced by it. The NI change is far more likely to be the cause, small businesses that employed 3 or 4 part time people to get round paying it will have had to let 1 go to keep the books balanced.
 
True_Blue69 said:
I'm not having that many jobs have fallen to AI. Yes it's a useful tool and can help drive efficiencies but I don't see many roles that can be replaced by it. The NI change is far more likely to be the cause, small businesses that employed 3 or 4 part time people to get round paying it will have had to let 1 go to keep the books balanced.
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I wish that were the case, but the ages of many who are unemployed should be a warning sign. Companies no longer need as many entry-level employees, and precious few jobs are going to be safe from its effects.
 
True_Blue69 said:
I'm not having that many jobs have fallen to AI. Yes it's a useful tool and can help drive efficiencies but I don't see many roles that can be replaced by it. The NI change is far more likely to be the cause, small businesses that employed 3 or 4 part time people to get round paying it will have had to let 1 go to keep the books balanced.
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I know of quite a few in mine and adjacent industries (tech/media/web/design) - I know the plural of anecdotal isn't data but it is happening.
 
Blue Maverick said:
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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There is no sign of anyone in Government here getting a grip on what is coming. The impact on the NHS will be enormous. It will take entire out entire layers of staff including the non specialist doctors. Diagnosis and treatment management can be done better by AI tools than any humans for starters. The Government keeps parroting that we need more doctors but that assuumes we will keep the current 1950s "Carry on Matron" set up in place. We will not need most of the staff in the House of Commons or any part of the House of Lords either.
 
True_Blue69 said:
I'm not having that many jobs have fallen to AI. Yes it's a useful tool and can help drive efficiencies but I don't see many roles that can be replaced by it. The NI change is far more likely to be the cause, small businesses that employed 3 or 4 part time people to get round paying it will have had to let 1 go to keep the books balanced.
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AI will have a bigger impact than the industrial revolution and the digital tech revolution combined. Every single aspect of everyone's life will change. Some of it will be positive and a lot wlll be negative. The UK is aleady years behind places like China and the USA. Our politicians and our political process is too slow to react and is not fit for purpose.
 
bobbyowenquiff said:
There is no sign of anyone in Government here getting a grip on what is coming. The impact on the NHS will be enormous. It will take entire out entire layers of staff including the non specialist doctors. Diagnosis and treatment management can be done better by AI tools than any humans for starters. The Government keeps parroting that we need more doctors but that assuumes we will keep the current 1950s "Carry on Matron" set up in place. We will not need most of the staff in the House of Commons or any part of the House of Lords either.
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People flapping about immigration and immigrants ‘taking jobs’ but blithely carrying on as if AI is just a glorified spellchecker. AI is going to make millions unemployed, yet many bury their head in the sand as if it’s nothing more.
 
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Gabriel said:
People flapping about immigration and immigrants ‘taking jobs’ but blithely carrying on as if AI is just a glorified spellchecker. AI is going to make millions unemployed, yet many bury their head in the sand as if it’s nothing more than a glorified spellchecker.
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The Government needs to put itself on a war footing, possibly with an all-party Cabinet, and start the urgent transformation process which is required to futureproof the whole country for the AI revolution. All current legislation plans need to be halted so the entire focus is purely on harnessing this new technoloogy to drive the economy. At present they are fiddling while Rome burns. Absolutely every aspect of people's lives is going to change. The current political system will have to be reorganised or the UK will become a failed state. In fact we are currently seeing the start of this process with our crumbling institutions and infrastructure. Starmer is the worst possible person to be leading the country at this time...and it has nothing to do with his politics. He has no vision and no strategy. He is locked in the past and so are his political opponents. They are arguing about things that are irrelevant to the future.
 
bobbyowenquiff said:
The Government needs to put itself on a war footing, possibly with an all-party Cabinet, and start the urgent transformation process which is required to futureproof the whole country for the AI revolution. All current legislation plans need to be halted so the entire focus is purely on harnessing this new technoloogy to drive the economy. At present they are fiddling while Rome burns. Absolutely every aspect of people's lives is going to change. The current political system will have to be reorganised or the UK will become a failed state. In fact we are currently seeing the start of this process with our crumbling institutions and infrastructure. Starmer is the worst possible person to be leading the country at this time...and it has nothing to do with his politics. He has no vision and no strategy. He is locked in the past and so are his political opponents. They are arguing about things that are irrelevant to the future.
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There was barely any mention of it in the 2024 manifestoes and a little in the recent budget, though nowhere near enough. I agree that it should be central to all discussions, but the overall ignorance about its power and influence is quite frankly terrifying, and it continues to be downplayed. At the very least, there should be an AI Minister, a full cabinet position, yet instead it is a Parliamentary Under-Secretary of State for AI and Online Safety in the Department for Science, Innovation and Technology (DSIT). Not exactly visionary.
 
Gabriel said:
There was barely any mention of it in the 2024 manifestoes and a little in the recent budget, though nowhere near enough. I agree that it should be central to all discussions, but the overall ignorance about its power and influence is quite frankly terrifying, and it continues to be downplayed. At the very least, there should be an AI Minister, a full cabinet position, yet instead it is a Parliamentary Under-Secretary of State for AI and Online Safety in the Department for Science, Innovation and Technology (DSIT). Not exactly visionary.
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Virtually every piece of legislation going through at present will have to be redrawn for starters. The politicians are behaving like idiots and seem to have no concept of what is happening. The other big change coming is the breakthroughs in genetics which will enable us to predict what illnesses a baby will have in later life. The health service will become a preventative service not a reactive one. We will not need GPs any more. How is this going to be managed?
 
bobbyowenquiff said:
Virtually every piece of legislation going through at present will have to be redrawn for starters. The politicians are behaving like idiots and seem to have no concept of what is happening. The other big change coming is the breakthroughs in genetics which will enable us to predict what illnesses a baby will have in later life. The health service will become a preventative service not a reactive one. We will not need GPs any more. How is this going to be managed?
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Wesley Streeting has an borderline unhealthy interest in Eugenics. When he becomes PM you may see something on this.
 
ECONOMY IN TURMOIL !

Inflation eased by more than expected to 3.2% in November, the latest figures from the Office for National Statistics show.

While economists had widely predicted a fall from October's 3.6%, many thought it would come in at 3.5%.

Core inflation - which measures price rises without volatile food and energy costs - also fell by more than expected from 3.4% to 3.2%.

Services price inflation, which is watched closely by the Bank of England, also fell from 4.5% to 4.4%.

The figures make an interest rate cut by the Bank of England's Monetary Policy Committee all but certain tomorrow.

Most analysts expect the base rate to be cut from 4% to 3.75%.
 
bobbyowenquiff said:
Virtually every piece of legislation going through at present will have to be redrawn for starters. The politicians are behaving like idiots and seem to have no concept of what is happening. The other big change coming is the breakthroughs in genetics which will enable us to predict what illnesses a baby will have in later life. The health service will become a preventative service not a reactive one. We will not need GPs any more. How is this going to be managed?
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Can you explain how you believe AI is currently going to make all legislation irrelevant
 
The government has just confirmed the UK will be re-entering the Erasmus student exchange programme, giving British students access to swaps with universities in the EU.

It forms part of Labour's efforts to move closer to the bloc following Brexit.

The UK left Erasmus under Boris Johnson's government.

Nick Thomas-Symonds, the minister who is leading the work with Brussels for Sir Keir Starmer.

Thomas-Symonds said this morning: "Joining Erasmus is a huge win for our young people, breaking down barriers and widening horizons to ensure everyone, from every background, has the opportunity to study and train abroad.

"This is about more than just travel: it's about future skills, academic success, and giving the next generation access to the best possible opportunities.

"Today's agreements prove that our new partnership with the EU is working. We have focused on the public's priorities and secured a deal that puts opportunity first."
 
BlueHammer85 said:
The government has just confirmed the UK will be re-entering the Erasmus student exchange programme, giving British students access to swaps with universities in the EU.

It forms part of Labour's efforts to move closer to the bloc following Brexit.

The UK left Erasmus under Boris Johnson's government.

Nick Thomas-Symonds, the minister who is leading the work with Brussels for Sir Keir Starmer.

Thomas-Symonds said this morning: "Joining Erasmus is a huge win for our young people, breaking down barriers and widening horizons to ensure everyone, from every background, has the opportunity to study and train abroad.

"This is about more than just travel: it's about future skills, academic success, and giving the next generation access to the best possible opportunities.

"Today's agreements prove that our new partnership with the EU is working. We have focused on the public's priorities and secured a deal that puts opportunity first."
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great move for the youth
 
Labour’s employment rights bill will finally become law after a battle in the House of Lords, paving the way for significant new rights for workers on sick pay, parental leave and zero-hours contracts.
Expected to be given Royal Assent tomorrow.

Hands up - All those that won't be surprised, when.

* Unemployment goes up ( even more )**

* Hiring decreases

* People start moving their businesses abroad.

** There are an estimated 1.2 million people on ZHC's in the UK - How many of them will be told, on your delivery bike and GTF, no contract for you, sunshine.

Labour are now considering to issue those claiming benefits free TV Licences. I wonder where the money for that will come from?
https://www.standard.co.uk/news/uk/tv-licences-benefits-claimants-government-plans-b1262888.html
 
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