Unemployment Falls Again Despite Brexit

Figures out from the ONS this morning show unemployment was down 16,000 on the previous three months and down to 4.8% from 5.2% last year. Unemployment is at its joint-lowest rate since 2005. The Guardian honestly says “The figures will be poured over for signs that the economy is weakening in the face of continued Brexit uncertainty” and indeed the usual suspects are pointing to a tiny fall in employment as evidence of a Brexit hit. Style guide for all Remain media: if it’s good news then “we haven’t left yet”, if it’s less good news it’s “the Brexit effect”…

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Quote of the Day

Soros on the pan-European elections to the EU parliament…

“It is difficult to see how the pro-European parties can emerge victorious from the election in May unless they put Europe’s interests ahead of their own. One can still make a case for preserving the EU in order radically to reinvent it. But that would require a change of heart in the EU. The current leadership is reminiscent of the politburo when the Soviet Union collapsed – continuing to issue ukazes as if they were still relevant.”


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