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economic decline

26 articles

The Tax Death Spiral: How Britain's Government Destroyed Jobs While Promising Growth

• via The Guardian

The Tax Death Spiral: How Britain's Government Destroyed Jobs While Promising Growth

Rachel Reeves Promised Growth but UK Businesses Cut Jobs at Fastest Pace in Four Years

The Bank of England's latest survey reveals UK businesses are cutting jobs at the fastest rate in four years, a direct consequence of Chancellor Rachel Reeves' £25bn employer National Insurance raid. Despite promises of economic growth, the government's policies are systematically destroying the productive capacity they claim to champion.

The Jobs Market Reality Check: When "Positive News" Means 718,000 Fewer Opportunities

• via BBC News

The Jobs Market Reality Check: When "Positive News" Means 718,000 Fewer Opportunities

Suspicious Discrepancy Between Political Rhetoric and Economic Reality

While Chancellor Rachel Reeves claimed there was "really positive news" in Tuesday's jobs data, British employers eliminated another 8,000 positions last month and job vacancies collapsed to their lowest level since the pandemic lockdowns. This is what passes for economic success in modern Britain: unemployment stuck at a four-year high becomes an achievement worth celebrating.