I said we dont want to be poorer.
I dont think that is what she meant. As I understood it she was talking about the loss of hundreds of thousands of jobs. THat is a poorer society, not one with greater public spending arising from higher taxation. THey are very different things.
And yet. Despite being two years into this seesaw process, the markets continue to ignore the political process and those within it from all sides, by continuing along its merry way.
According to the Office of National Statistics (ONS) unemployment fell by 12,000 to 1.41 million in the quarter to May giving a jobless rate of just 4.2 per cent.
At the same time employment increased by 137,000 in the quarter to May to 32.4 million, the highest figure since records began in 1971, giving a record rate of 75.7 per cent.
Job vacancies increased by 7,000 to 824,000 - the most since records began in 2001.
Average earnings also increased by 2.5 per cent in the year to May, co
No one on either side really knows . The markets will always find their own way..