Re: Breaking - Boris Shutsdown Parliament ..
Originally Posted by
Banchory
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Are you suggesting that you believe there have been no negative impacts or Brexit was related job losses since the referendum?
The government is unsurprisingly fond of citing the UK’s resilient labour market. Unemployment remains at a 42-year low of 4.3 per cent (1.44 million) and employment is at a 46-year high (75.3 per cent). The Conservatives have cut more than a million public-sector jobs since 2010 (reducing the total to 16.9 per cent of the UK’s workforce, the lowest since the Office for National Statistics’ current records began in 1999), yet the private sector has more than compensated.
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But the grim corollary of Britain’s jobs success is its productivity failure. The average French, German or US worker produces more in four days than a UK equivalent in five. In the most recent quarter, British output per hour was a mere 0.9 percentage points higher than it was a decade ago – the worst growth for 200 years. Here lies the root of the UK’s living standards crisis. In the absence of higher productivity, there is no sustainable means of increasing pay without stoking inflation.
Britain’s problem is not, as in France (where unemployment is 9.8 per cent), a lack of jobs but a lack of good and well-paid jobs. There are more overqualified employees in the UK than anywhere else in the EU; 1.4 million workers are on zero-hours contracts, some through choice. Britain neither invests nor exports enough. Its economy is dependent on rising property prices, consumer spending and financial services. Debt has been the engine of growth.
The UK is too unbalanced, too unproductive and too unequal. To this amalgam of woes, a new menace has been added: Brexit.
The above is a description of britain before 2016. Not the best conditions to face brexit.
https://www.newstatesman.com/politic...ick-man-europe