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Listening to the gambling industry is terrible economics | Larry Elliott

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Philip Hammond has got his sums wrong in backing bookies’ jobs, says Guardian economics editor Larry Elliott

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The labour market is thriving – but rates won't be rising just yet | Larry ElliottDespite high employment levels and good pay growth, Brexit uncertainty will weigh heavily on the economy for some time Someone needs to tell Larry that we’ve had almost a decade of real wage cuts. You only have to work for 1 day per fortnight to be classed as employed under DWP guidelines. Self employed people don't even have to work that much. Actual employment is at least a couple of million below the official figures. Forget underemployment, low productivity and the Tories ability to bullshit the figures to make them sound amazing - it's thriving!
Source: The Guardian - 🏆 84. / 53 Read more »