Britain now has 216,000 fewer payrolled employees than before the election, vacancies are near decade lows, while public sector employment continues to rise.
Great analysis Jamie, you along with colleagues on Substack are a breath of fresh air, bringing detailed data, that wound be otherwise covered up by the Blob that is trying to control us.
Thanks, Tim! Much appreciated. I find that when you let the actual numbers do the talking, the "Blob" has a much harder time shouting over them. Plenty more data-digging to come!
Tomorrow I find out if my ‘at risk’ position is going to end in redundancy soon. I work for a very successful company which I have seen since the increases in NI cut back on recruitment and outsourcing processes to other cheaper companies.
Labour, as a repeat of 1979, definitely is not working.
To some extent Public Sector employees are parasitic upon the larger economy, but they pay rents and buy food (etc) like the rest of us. So your stats look like good old Keynesianism in its, what, eighth decade by now? Buying voters on tick while too terrified to sell off US Treasury Bonds for fear of angering the insane extractive class.
Id guess the falling private sector payrolls reflect retrenchment but also a steady stream of SMEs that simply can't compete anymore?
Are NGOs/Charities accounted for separately out of curiosity?
Spot on regarding the squeeze on smaller firms—those rising overheads leave very little margin for error. On your question: in standard ONS National Accounts, charities and NGOs generally sit under "Non-Profit Institutions Serving Households" (NPISH) within the broader private sector, unless they’re predominantly funded and controlled by government
Thanks, that clarifies. Many of those charities rely heavily on public funds. I worked in that sector for 25+ years until it just became too precarious.
Great analysis Jamie, you along with colleagues on Substack are a breath of fresh air, bringing detailed data, that wound be otherwise covered up by the Blob that is trying to control us.
Thanks, Tim! Much appreciated. I find that when you let the actual numbers do the talking, the "Blob" has a much harder time shouting over them. Plenty more data-digging to come!
Tomorrow I find out if my ‘at risk’ position is going to end in redundancy soon. I work for a very successful company which I have seen since the increases in NI cut back on recruitment and outsourcing processes to other cheaper companies.
Labour, as a repeat of 1979, definitely is not working.
To some extent Public Sector employees are parasitic upon the larger economy, but they pay rents and buy food (etc) like the rest of us. So your stats look like good old Keynesianism in its, what, eighth decade by now? Buying voters on tick while too terrified to sell off US Treasury Bonds for fear of angering the insane extractive class.
Id guess the falling private sector payrolls reflect retrenchment but also a steady stream of SMEs that simply can't compete anymore?
Are NGOs/Charities accounted for separately out of curiosity?
Spot on regarding the squeeze on smaller firms—those rising overheads leave very little margin for error. On your question: in standard ONS National Accounts, charities and NGOs generally sit under "Non-Profit Institutions Serving Households" (NPISH) within the broader private sector, unless they’re predominantly funded and controlled by government
Thanks, that clarifies. Many of those charities rely heavily on public funds. I worked in that sector for 25+ years until it just became too precarious.