Blimey, what a shocker – or rather, what a predictable catastrophe!
Straight from the ONS this morning: UK unemployment has rocketed to 5.1% in the three months to October 2025 – the highest in nearly five years, folks. That's a nasty jump from previous figures, with payrolled employees plunging by 38,000 in November alone (the biggest drop in five years) and wage growth excluding bonuses slumping to its lowest since early 2022.
And the "experts"? The media pundits? They're all feigning surprise again, scratching their heads over this "weakening" labour market. Pull the other one!
If these bubble-dwellers ever bothered talking to real business owners – the ones hammered by Rachel Reeves's £25bn employers' National Insurance heist and the endless parade of tax rises – they'd have seen this jobs apocalypse coming from a mile off.
Reeves didn't just raise taxes; she declared war on the private sector. Her pre-Budget leaks and post-Budget bombshells froze hiring, sparked redundancies, and sent employers scrambling to cut costs before the NI guillotine fully dropped. Businesses aren't charities – slap them with higher employment taxes, and guess what? They hire fewer people, pay lower wages, or sack the lot to survive.
The grim stats don't lie:
- Unemployment at 5.1% – highest since the pandemic hangover
- Payrolled employees down 38,000 in November to 30.3 million
- Private sector wage growth lagging at just 3.9%, while the bloated public sector struts ahead at 7.6%
- Redundancies ticking up, young people hammered hardest
- Employment rate slipping to 74.9%
And here's the real kicker: while the private sector – the engine that actually creates wealth – bleeds jobs and stifles growth, the parasitic public sector swells like a tick on the taxpayer's neck.
Public sector employment hit 6.18 million in September, up thousands while private firms slash payrolls. Lousy productivity? Through the roof in inefficiency – endless bureaucracy, gold-plated pensions, and pay rises that outstrip the private sector by miles. This bloated behemoth is crowding out private investment, sucking up resources, and starving the real economy of oxygen.
Reeves promised "growth". What she's delivered is a jobs graveyard, with the private sector paying the ultimate price for Labour's obsession with big-state bloat.
This isn't bad luck. This is deliberate sabotage – tax the creators, featherbed the takers, and watch unemployment soar.
Time for Reeves to own this mess. Resign? Damn right. But don't hold your breath – she'll blame everyone but her fiscal folly.
Protect your livelihood, folks. Diversify, shield your wealth, and pray the BoE slashes rates to stem the bleeding.
Amazon Suggested Reads – Battle-Proof Your Career in Labour's Britain
- “The Great Jobs Heist” – how government taxes kill employment
- “Survive the State Squeeze” – protecting your income from public sector parasites
- “Private Sector Survival Guide” – thriving despite Reeves's raids
Ken Frost
Professional Cynic, Chartered Accountant and relentless Loanbuster
www.kenfrost.net – exposing the fiscal vampires since 2005
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