Busting the “jobs miracle” myth of the Chancellor’s 2016 Budget. " data-adaptive-image-768-img="" data-adaptive-image-1024-img="" data-adaptive-image-max-img=""> George Osborne will begin his seventh budget by heralding Britain’s “jobs miracle” and congratulating himself on lowering unemployment to 5 per cent. Britain, he will declare, is reaching “full employment”. Many of those still unemployed aren’t really jobless, they’re just at a stage of inevitable churn in-between jobs. At first glance that view makes sense. More jobs are being advertised than at any other time in the past 15 years, and the number of people claiming benefits hasn’t been this low for four decades. But the figures...
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