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Remarkable thing about present economic recovery is that Britain is in middle of job creation miracle

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14.09.2017

The faux anger of the union brothers meeting in Brighton over public sector pay is understandable. The TUC conference is now dominated by people in Government service, with wealth creators in a tiny minority.

Anxiety about flat or falling household incomes is understandable. The financial crisis of a decade ago left an indelible mark on the economy for which we are still paying the price.

Yet amid the gloom there is room for cheer. Imagine, for instance, if the financial crisis had left mass unemployment in its wake, as it did during the Great Recession.

The remarkable thing about the present recovery is that Britain is in the middle of a job creation miracle. Since the Brexit referendum 379,000 jobs have been created.

The jobless rate at 4.3 per cent of the workforce is the lowest since 1975 and less than half that across the channel in France where President Macron is still in the foothills in freeing up labour........

© Mail Online