Labour celebrates small wins... whilst Britain's economy continues to burn

Lefties across the UK have been celebrating today after the office for National Statistics announced that the rate of UK unemployment has fallen to 4.7%. Many Labour supporters have claimed this to be a huge win, and a sign of the labour government making things better for working people.

One social media user stated the following:

“Imagine a life where we just listened to facts: immigration down, inflation down, unemployment down. Maybe it's time some people decided if they prefer to listen to right-wing propaganda, or maybe just listen to facts.”

As usual, the one-eyed Labour propaganda machine that runs our mainstream media appear ambivalent to the context of these supposed “wins” by our hapless government.

They fail to mention, for example, that unemployment was at just 4.2% when labour came to office. It rose as a result of Rachel Reeves's disastrous anti-growth employment tax hike to a staggering 5%, which was a 15 year high. The fact that it has now gone slightly down to 4.7% is not something to be celebrated, it is simply Labour starting to undo some of the damage that they have done during their two years in office.

And whilst Labour supporters seem keen to celebrate a small drop in overall unemployment, the youth unemployment rate has increased from 13.8% in July 2024 up to a peak of 16.4% by mid-2026, marking the highest level for young workers in over a decade. Over this same period, the number of payrolled employees under the age of 25 dropped significantly by over 119,000. At the time of writing, more than 1 million young people (aged 16–24) in the UK are currently classified as NEET (not in education, employment, or training).

For anyone still in any doubt, here are 10 further facts that those on the left seem keen to ignore, because they don't support their narrative:

1. According to the Office for National Statistics, UK job vacancies have fallen to 691,000 under Labour, with this slowdown in hiring largely attributed by small businesses to increased labour and operating costs imposed by Rachel Reeves.

2. Inflation is only down when compared to the 3.5% that it increased to after labour took control of the UK economy. Inflation remains significantly higher than the 2% rate inherited from The Tories in 2024.

3. Government borrowing has increased by a staggering quarter of a trillion pounds since labour came to power, under their mindless “borrow and splurge” approach to economic management.

4. Central government debt interest hit a record £10.9 billion in September 2026 alone which is up 1.6 billion pounds year on year, whilst total public sector net debt surpassed £3 trillion for the first time.

5. Britain's economic outlook was downgraded by the IMF in October 2026.

6. A recent International Monetary Fund report has unveiled that labour is raising taxes at the fastest pace in the western world.

7. UK energy prices are now amongst the highest in the G7, with industrial electricity costs running roughly 50% above the G7 median and household rates surging past pre 2020 mid-pack levels.

8. The UK welfare bill has risen by roughly £39 billion since Labour took office in July 2024, climbing from an estimated £314 billion (in 2024/25) to approximately £353 billion for the 2026/27 financial year. This has been driven by a surge in health and disability-related benefit claims (such as Universal Credit health elements and Personal Independence Payments), which have hit record highs under a Labour-run system that rewards the lazy and workshy, whilst disincentivising people from being economically active.

9. Approximately 11,000 millionaires left the UK in 2024, more than double the number from the previous year. This cohort included around 78 centi-millionaires (net worth over $100 million) and 12 billionaires. Reports from wealth migration trackers like Henley & Partners projected up to 16,500 millionaires departing in subsequent periods. Tax policies introduced by Labour designed to punish success and crush aspiration, including anti-non-dom tax reform, tightened inheritance tax rules, and hikes to investment levies, have been blamed by a multitude of independent wealth management companies for pushing mobile wealth creators out of the country.

10. Labour have raised taxes by £66 BILLION a year. That’s equivalent to £2,300 per household - every year. There were a total of 52 new taxes or tax rises during Labours first 509 days in office, according to the analysis by the TaxPayers’ Alliance.. Taxes on workers in Britain rose at the fastest rate among the world’s richest economies last year, according to the OECD. Official OBR forecasts now predict that the UK's tax burden as a share of national income (GDP) is forecast to rise to 37.7% by 2027–28, the highest it has been since before the Second World War.

No matter how much Labour politicians, activists and supporters try to spin things, by almost every conceivable metric this Labour Government continues to fail in its duties. And unfortunately for Andy Burnham, no amount of bus fare caps or fines for playing loud music on public transport will solve the complex economic issues this country faces.