Misery Index: It's Not Just the Unemployment Figures

With unemployment up by 38,000 to 2.49 million, the Misery Index is nearly at our most miserable this year. However the bad news isn’t all due to the rise in joblessness. The Public Sector Net Cash Requirement is not seasonally adjusted and is up considerably on last month. Either way we are 7 points more miserable then we were this time last year…

N.B. Stats bods can check Guido’s adding up here.




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Quote of the Day

Stephen Bush writing in the New Statesman‘s morning briefing…

“The terrifying truth is that the Opposition is too divided – within the parliamentary party, within the trades unions, within the Shadow Cabinet and even within the leader’s office – to be anything other than a veto player as far as Brexit goes, and the party’s whole gambit is really about trying to make that weakness look like a strength. Keir Starmer saying that Labour is “increasingly likely” to vote down the deal is simply a reflection of the fact that the one thing the Labour party will be able to agree on as far as Brexit goes is that Theresa May’s deal is no good.”

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