Which is most unkind of them for that\’s our specialty:
In fairness, the professor is not alone in failing to understand the jobs market. With record numbers now in work – 29.59 million – and the claimant count falling for three months in a row, the buoyancy of Britain’s labour force has confounded Tax Research UK, much loved by Left-of-centre media, which in 2010 predicted: “UK unemployment will increase to at least four million if the Coalition Government continues with its programme of cuts.”
And as to what is actually happening:
In summary, the British economy’s most recent data show that we’ve just experienced the fastest quarterly growth in five years, employment is going up, unemployment is coming down, public-sector borrowing is falling; pay in both the public and private sectors is rising, inflation is fading (though still above target), retail sales are positive, as are new car registrations.