Miserable new figures from the ONS show there are 18,000 fewer vacancies available than a year ago, with the lowest overall total since the pandemic. Unemployment sat at 4.9% in the three months to June. Small businesses have tightened their belts the most, cutting 8,000 openings, in the face of higher employment taxes and operational costs. The cost of Labour…
Meanwhile private sector pay growth slowed once again to 2.8%, yet the pubic sector saw annual wages up by 6.1%. Inflation stats are out tomorrow. It can always get worse…
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”