Labour grows the UK economy

[noseall]

I wonder if its all British parts the British car industry is fitting?

Shush....don't tell the flag shaggers, they'll be distraught.

 

[Murdochcat]

One swallow doesn’t make a summer

 

[JP_]

One swallow doesn’t make a summer

I've heard that so many times in the last few months ...

 

[Murdochcat]

I've heard that so many times in the last few months ...

Unemployment is up again

 

[Mottie]

Unemployment is up again

As is the rate of inflation.

 

[motorbiking]

Unemployment is up again

As is the rate of inflation.

apparently its part of the plan.

 

[Mottie]

apparently its part of the plan.

I don't think they have a plan….

 

[MNW67]

Unemployment is up again

I think the answer is down to productivity. Under the Tories, productivity failed to grow at all. Many put this down to lack of investment under what was often termed 'austerity'. Instead, the Tories were happy to import huge numbers of immigrants. Under Labour, there are tentative signs that productivity is now increasing. But paradoxically, this means that fewer employees are needed and a small increase in unemployment can arise in the short term whilst the economy adapts.

 

[morqthana]

We need to take into account the NAIRU.

Since NAIRU can vary over time, any estimates of the NAIRU at any point in time have a relatively wide margin for error, which limits its practical value as a policymaking tool. As the NAIRU is inferred from levels of inflation and unemployment and the relationship between those variables is acknowledged to vary over time, some economists have questioned whether there is any real empirical evidence for it at all.

 

[motorbiking]

I think the answer is down to productivity. Under the Tories, productivity failed to grow at all. Many put this down to lack of investment under what was often termed 'austerity'. Instead, the Tories were happy to import huge numbers of immigrants. Under Labour, there are tentative signs that productivity is now increasing. But paradoxically, this means that fewer employees are needed and a small increase in unemployment can arise in the short term whilst the economy adapts.

nothing to do with changes in employee rights, increases in NI and removal of pension contribution tax savings, mucking about with business rates etc.?

 

[Elsa TLC]

I've heard that so many times in the last few months ...

I know what you mean, I've heard it so many times. In the end it's hard to swallow.

 

[MNW67]

nothing to do with changes in employee rights, increases in NI and removal of pension contribution tax savings, mucking about with business rates etc.?

It's probably too early to tell. But the Tories had an absolutely abysmal record on productivity. They offset this mainly by importing huge numbers of low wage migrants. Labour are trying to do the opposite. They are slashing immigration and increasing productivity. It makes sense to me.