New figures from the Office for National Statistics this morning show the job market is weakening:
Figures outpaced economists’ expectations. Despite a cooling market it is expected that the Bank of England will hold rates at its next Monetary Policy Committee meeting next week…
Miliband says this morning “whenever people lose their jobs that is regrettable… we’re making big investments.” Also hiking taxes on employment by £26 billion…
The ONS says in this release that its labour market statistic estimates are “more uncertain than usual” – complementary PAYE figures from HMRC actually have the loss of jobs in May at a whopping 109,000. The power to tax is the power to destroy…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”