Well, the truth is that the latest readings on the state of the UK labour market are certainly not bad news, as such, but neither do they indicate that the country is set for a rapid round of interest-rate cuts, let alone that much-needed boost to economic growth that everyone would love to see.
The basic picture is still of wage inflation that is still too high for comfort, and an acute shortage of labour in general, as well as of workers with specific skills. The chancellor, Rachel Reeves, is certainly not in a celebratory mood: âThere is more to do in supporting people into employment ... This will be part of my Budget later in the year, where I will be making difficult decisions on spending, welfare and tax to fix the foundations of our economy so we can rebuild Britain and make every part of our country better off.â
So is this evidence of âthe worst set of economic circumstances since World War Twoâ?
Reeves has often complained about the mess she is having to clear up, but itâs obviously not as dire a situation as that encountered by, say, the Labour government in 1974, or the Tories (more arguably) in 2010, because the economy is, despite everything, more competitive and robust. She does have a stronger case about the parlous state of the public finances and national debt â and those affect the âreal economyâ, too.
On balance, given poor long-term trends in investment and productivity, Reeves is right to worry about Britain being trapped in a semi-permanent âdoom loopâ of low growth, high taxes and spiralling debt.
What is the outlook for inflation?
ãã®èšäºã¯ The Independent ã® August 14, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ The Independent ã® August 14, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Draper puts health first in his bid to break the top 10
Brit No 1 managing hip problem ahead of Australian Open
Arteta needs a 'can opener' to cure misfiring Gunners
Mikel Arteta is aware that Arsenal need more âexplosivenessâ in attack, and his staff are looking to rectify this in the January transfer window, although much of this would have been clear to see before Tuesday nightâs Carabao Cup defeat to Newcastle United.
Hammers seek Potter magic after Lopetegui exit farce
Farewell, Julen Lopetegui. You leave West Ham as you arrived: unwanted by fans, and even by technical director Tim Steidten, it seems.
Spurs subdue Liverpool and dream of Wembley
Itâs a bit premature to say this was a night when Tottenham Hotspurâs young team came of age, but this 1-0 victory over Liverpool was an impressive show of maturity when they most needed it. An 18-year-old Lucas Bergvall appropriately settled it, crowning the fine work of fellow teenager Archie Gray.
FTSE 250 and pound slump as UK gilt yields hit a high
Londonâs stock markets faltered yesterday, with the FTSE 250 slumping to a five-month low and the pound weakening as UK long-term borrowing costs continued to spike.
Bodies of father and son hostages recovered in Gaza
The bodies of two Israeli hostages have been recovered by troops in Gaza, Israelâs defence minister said yesterday.
French minister tells Trump Europe will protect borders
Franceâs foreign minister Jean-Noel Barrot has fiercely defended the European Union in response to US president-elect Donald Trumpâs claim that America should take ownership and control of Greenlandâ.
'I did my best to prevent it'
Mother of 14-year-old stabbing victim Kelyan Bokassa tells Barney Davis her heart skippedâ every time her son went out
Brexiteers left infuriated by PM's Foreign Office choice
The appointment of Theresa Mayâs former chief negotiator with the European Union as the most senior civil servant in the Foreign Office (FCDO) by Sir Keir Starmer is being seen as a statement of intent in his determination to reset relations with the EU.
Corbyn attacks Starmer on private sector's role in NHS
Jeremy Corbyn has accused Sir Keir Starmer of betrayingâ the health service by introducing a much greater role for the private sector, which he warns will hollow out the NHS.