As ministers insist the labour market is merely “normalising”, the numbers tell a more troubling story — especially for the young. In this essay, Damian Pudner, an independent economist specialising in monetary policy, argues that Britain is sliding into a slow-burn recession under Rachel Reeves, with youth unemployment surging and entry-level jobs disappearing. Higher payroll taxes, tighter regulation and rising business costs, he warns, are scarring a generation before their working lives have properly begun — with consequences that could haunt the economy for decades.
Despatch brings you the best articles from CapX’s unrivalled daily newsletter.
Stay informed with CapX's unmissable daily briefings from the heart of Westminster. Go to capx.co to subscribe.
Hosted on Acast. See acast.com/privacy for more information.
