THE UK JOB MARKET IS COLLAPSING — AND THE GOVERNMENT IS PRETENDING EVERYTHING IS FINE
The figures are bad. The reality behind them is worse.
UK companies cut 13,000 jobs in June — then cut another 13,000 in July.
That isn’t “a few businesses restructuring”. It means 26,000 pay packets disappeared while politicians continued pointing at economic growth.
Vacancies have fallen to around 707,000. Youth unemployment has hit 16.1%. Nearly 1 million people aged 16–24 are now neither working nor studying.
Young people are being told to get experience while entry-level jobs vanish. Graduates are leaving university and entering a labour market where suitable jobs have fallen by 33%.
At the same time, employers are being squeezed by:
- Higher employer National Insurance
- A higher minimum wage
- Rising energy and operating costs
- Borrowing costs near 5.45%
So businesses are doing what businesses do: freezing recruitment, leaving vacancies empty and refusing to replace workers who leave.
The result is a silent jobs massacre:
Fewer interviews.
Fewer first chances.
More people stuck on benefits.
More graduates moving back home.
Less tax revenue.
More government borrowing.
Higher interest costs.
The UK can keep claiming GDP is growing.
But if the number of people earning, spending and building careers is shrinking, this isn’t prosperity.
It’s economic decline being hidden behind a single headline number.