UK Less Investable Than Venezuela

Public Sector Is Killing The Private Sector

 

Private sector pay up 2.8% public sector up 6.1%.

This is of course unsustainable, the public sector is killing the private sector that funds it! 

Regular wage growth in the three months to June 2026 was 3.5% excluding bonuses, up on the previous period.

Including bonuses the rate was 4.1%, down from the previous period.

Read the release ➡ https://t.co/8FKHMf2iHI pic.twitter.com/FyDXTJyGTT

— Office for National Statistics (ONS) (@ONS) August 18, 2026

ONS UK labour market data from August 2026, where unemployment held steady at 4.9% instead of dropping to the expected 4.8%.

Julian Jessop, at the Institute of Economic Affairs, described the latest jobs figures as “dire”.  

He said: “The unemployment rate remains stubbornly high, with a big jump in the single month figure for June.”