It is another black day for Project Fear. The latest employment figures from the Office of National Statistics (ONS) show yet another fall in unemployment, to 1.36 million or 4 per cent of the adult population. There have never been more people employed in the UK economy, and the unemployment rate is at its lowest since early 1975.
It wasn’t supposed to be this way, according to George Osborne’s crystal ball. In May 2016, a month before the referendum, he warned us all that should we vote to leave the EU we could expect unemployment to rise by up to 500,000 within two years. Admittedly, George himself has bagged a few jobs since then, but I don’t think his work ethic is wholly responsible for the rise in employment. He was simply wrong – and neither he nor hardly any of his fellow Remainers can quite bring themselves to admit it.
Britain’s best politics newsletters
You get two free articles each week when you sign up to The Spectator’s emails.
Already a subscriber? Log in
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in