Jobs miracle in Britain as employment hits new record high
Britain is one of the most heavily governed countries there is. Everything is regulated. Britain was once a dynamic innovative place but enveloping bureaucracy stifles all that these days. One index of that is that Britain has still not got a single fracking well producing commercially, despite excellent geology for it. The drillers have had to go through years of red tape.
But it seems that the old spirit of business is still there in the hearts of British businessmen -- and recent events have unleashed it. For the last two years the British parliament has talked about almost nothing except Brexit -- how Britain will relate to Europe once Britain leaves the EU -- which is now due at the end of this month. So while the parliament has been wrangling about Brexit, they have not had time to poke their noses into other things. Britain has had two years of very little new legislation and regulation.
So without Nanny continually trying to run their affairs, British businessmen have thrived. And part of that thriving is a big boost in jobs as British businesses branch out into new activities. You can read the result below
Unemployment fell to its lowest level in 44 years at the start of 2018 as Britain’s businesses defied Brexit worries to put on a new hiring spree.
Employment surged by 222,000 in the three months to January, almost double the expected growth.
This was the fastest pace of jobs growth since 2015, flying in the face of fears that political uncertainty was starting to bite. There are now more than 32.7m people in work, a record high.
Compared with the same time last year, an extra 473,000 people are in work, the Office for National Statistics said.
Full-time employment accounted for 90pc of the increase.