Misery Index: Get Happy

You might be reading this with the ground floor of your house underwater but it doesn’t matter: you are officially the happiest you have been this parliament. Today’s unemployment figures provide a statistical anomaly of seeing the rate rise 0.1% even though the actual number has fallen by 125,000. Choose which stat you want to use as per partisan preference. 

There has been a small increase in Retail Price Index inflation, though the small fall in the Public Sector Net Cash Requirement provides some cheer. As you can see from the chart to the right, seasonally adjusted public sector debt aside, there is a clear trend of a decline in misery since February 2011…

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



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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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