Misery Index: Least Miserable We've Been Since Election

Chipper Mark Carney’s good news day seems a good time to check in on our Misery Index. Unemployment is down, inflation is down and growth is up, so across the land there are warm smiles and happy faces everywhere. Maybe. The seasonal drop in public sector borrowing has had a big impact too. We are the least miserable we’ve been since 2010.

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

UPDATE:

misery-breakdown

Co-conspirator Tom Cook says breaking it down into components “still shows the overall picture clearly but shows which factors lead to changes – especially helpful given some of the wild swings in the total.  This presentation shows that most of the volatility is from public sector borrowing, while the longer term trend is from falling inflation and unemployment.”


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Quote of the Day

Lucy Allan explains her positive comments about the Brexit Party…

“If EU elections are held, Leave supporting voters will want to vote for Leave supporting candidates… Usual party loyalties will be eclipsed by the Leave v Remain divide. It’s good to see strong candidates in the Leave camp. However, I sincerely hope we leave the EU before these elections are held so that we can move on and not waste time and money on unnecessary EU elections.”

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