{"id":94997,"date":"2026-08-18T07:04:08","date_gmt":"2026-08-18T06:04:08","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=94997"},"modified":"2026-08-18T07:04:08","modified_gmt":"2026-08-18T06:04:08","slug":"debate-ammunition-where-are-the-jobs","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/08\/18\/debate-ammunition-where-are-the-jobs\/","title":{"rendered":"Debate Ammunition: Where Are the Jobs?"},"content":{"rendered":"<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"font-weight: bold; color: #c00000; font-size: 18.0pt;\">THE RICHARD J MURPHY YOUTUBE CHANNEL<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"font-weight: bold; color: #c00000; font-size: 18.0pt;\">DEBATE AMMUNITION<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"font-weight: bold; color: #c00000; font-size: 18.0pt;\">Where Are the Jobs? <\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"font-weight: bold; color: #c00000; font-size: 18.0pt;\">The Truth About Reform's Welfare Policy<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"color: #c00000; font-size: 12.0pt;\">Funding the Future | August 2026<\/span><\/p>\n<hr style=\"border: none; border-bottom: 1px solid #999; margin: 0.8em 0;\" \/>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Topic<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Robert Jenrick and Reform UK claim Britain has a welfare problem requiring millions of people to be removed from sickness and disability benefits. <\/span><span style=\"color: #000000; font-size: 12.0pt;\">In reality, the<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> UK has an employment problem: there are already too few jobs for those who want them, and government policy is actively suppressing demand for labour.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">The video that this Debate Ammunition supports <\/span><a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/08\/18\/where-are-jenricks-jobs\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #000000; font-size: 12.0pt;\">is<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> availabl<\/span><span style=\"color: #000000; font-size: 12.0pt;\">e here. <\/span><\/a><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">The Core Argument<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Britain does not have a welfare problem<\/span><span style=\"color: #000000; font-size: 12.0pt;\">;<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> it has an employment problem. With 5% unemployment, youth unemployment above 10%, and 2.5 unemployed people chasing every vacancy, there are no spare jobs for Jenrick's three million benefit claimants to take.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Encouraging someone to seek work does not create a job for them. The economy must generate sufficient demand for labour before those jobs can exist<\/span><span style=\"color: #000000; font-size: 12.0pt;\">, <\/span><span style=\"color: #000000; font-size: 12.0pt;\">a lesson from Keynes that Reform is ignoring entirely.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">As t<\/span><span style=\"color: #000000; font-size: 12.0pt;\">he Bank of England deliberately suppress<\/span><span style=\"color: #000000; font-size: 12.0pt;\">es<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> demand and weaken<\/span><span style=\"color: #000000; font-size: 12.0pt;\">s<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> the labour market through high interest rates, Reform wants to penalise people for not finding jobs that this same policy is preventing from being created. <\/span><span style=\"color: #000000; font-size: 12.0pt;\">One arm of the state is destroying jobs while Reform's politicians demand people take them.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Cutting benefits does not get people into work<\/span><span style=\"color: #000000; font-size: 12.0pt;\">;<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> it <\/span><span style=\"color: #000000; font-size: 12.0pt;\">just <\/span><span style=\"color: #000000; font-size: 12.0pt;\">cuts their income. Lower incomes mean less spending, weaker local demand, fewer jobs in shops and businesses, and a deeper recession. Reform's policy would make the employment situation significantly worse, not better.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Key Statistics<\/span><\/p>\n<table style=\"border-collapse: collapse; width: 100%; margin: 0 0 1.4em 0;\">\n<tbody>\n<tr>\n<th style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top; font-weight: bold; background: #f5f5f5;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #000000; font-size: 12.0pt;\">Statistic<\/span><\/p>\n<\/th>\n<th style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top; font-weight: bold; background: #f5f5f5;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"font-weight: bold; color: #000000; font-size: 12.0pt;\">Figure<\/span><\/p>\n<\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">UK unemployment rate<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"color: #000000; font-size: 12.0pt;\">~5%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">UK youth unemployment rate<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"color: #000000; font-size: 12.0pt;\">&gt;10%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Unemployed people per vacancy in the UK<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"color: #000000; font-size: 12.0pt;\">2.5<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">People Reform wants to remove from sickness\/disability benefits<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6; text-align: center;\"><span style=\"color: #000000; font-size: 12.0pt;\">~3 million<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">The Argument Structure<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Step 1 \u2014 There are no spare jobs: <\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">UK unemployment is already running at around 5%<\/span><span style=\"color: #000000; font-size: 12.0pt;\">, meaning <\/span><span style=\"color: #000000; font-size: 12.0pt;\">one in twenty people who want a job cannot get one. <\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">There are 2.5 unemployed people for every single vacancy. <\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Youth unemployment exceeds 10%. <\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Adding millions more benefit claimants to that queue cannot shrink it; only new jobs can do that.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Step 2 \u2014 Jenrick is confusing micro and macro: <\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Jenrick is talking about individuals and their circumstances when the problem is <\/span><span style=\"color: #000000; font-size: 12.0pt;\">economy wide<\/span><span style=\"color: #000000; font-size: 12.0pt;\">. Blaming people for failing to find jobs that do not exist is a category error. The solution to unemployment is macroeconomic demand <\/span><span style=\"color: #000000; font-size: 12.0pt;\">stimulus, not microeconomic benefit sanctions. Keynes established this nearly a century ago.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Step 3 \u2014 The Bank of England is the hidden actor: <\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">High interest rates deliberately reduce demand, discourage investment, constrain consumption and weaken the labour market. A weaker labour market is part of this policy. Reform is ignoring the fact that government-sanctioned Bank of England policy is actively creating the job shortage it then blames individuals for experiencing.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Step 4 \u2014 Cuts destroy demand and make things worse: <\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">People who lose benefits do not find jobs<\/span><span style=\"color: #000000; font-size: 12.0pt;\">;<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> they lose income. They spend less. Local economies suffer. Businesses face weaker demand and employ fewer people. Far from solving unemployment, Reform's policy risks tipping the economy into a deeper recession and making the employment situation significantly worse than it already is.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Their Argument \u2192 Your Rebuttal<\/span><\/p>\n<table style=\"border-collapse: collapse; width: 100%; margin: 0 0 1.4em 0;\">\n<tbody>\n<tr>\n<th style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top; font-weight: bold; background: #f5f5f5;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #000000; font-size: 12.0pt;\">They Say<\/span><\/p>\n<\/th>\n<th style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top; font-weight: bold; background: #f5f5f5;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #000000; font-size: 12.0pt;\">Your Response<\/span><\/p>\n<\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">There are plenty of jobs<\/span><span style=\"color: #000000; font-size: 12.0pt;\">; <\/span><span style=\"color: #000000; font-size: 12.0pt;\">people on benefits just need to be incentivised to take them.<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">There are 2.5 unemployed people per vacancy in the UK today. That ratio means <\/span><span style=\"color: #000000; font-size: 12.0pt;\">the majority of<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> people chasing jobs cannot get one regardless of how hard they try or how strong their incentives are.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">You cannot incentivise your way out of a structural job shortage. That is not an attitude problem; it is arithmetic.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Work provides people with income, purpose and structure<\/span><span style=\"color: #000000; font-size: 12.0pt;\">; <\/span><span style=\"color: #000000; font-size: 12.0pt;\">getting people back into work is good for them.<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Nobody disagrees that work, when it is available and accessible, can be beneficial. The question is not whether work is good<\/span><span style=\"color: #000000; font-size: 12.0pt;\">; <\/span><span style=\"color: #000000; font-size: 12.0pt;\">it is whether the jobs exist.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Encouraging someone to seek work does not create a job for them. That step requires <\/span><span style=\"color: #000000; font-size: 12.0pt;\">the economy to generate demand for labour first, and Reform is proposing nothing that would do that.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">The benefits bill is unsustainable and reform is fiscally necessary.<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">The fiscal argument ignores the economic multiplier. Benefits are spent locally, supporting businesses, employment and tax revenue. Cutting them destroys demand, reduces economic activity and ultimately costs the Treasury more in lost tax and increased costs elsewhere.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">There is also no plan to replace the lost spending with anything that would sustain those local economies.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Reform would also cut taxes and reduce regulation to stimulate growth and create new jobs.<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Reform is simultaneously proposing deep government spending cuts. Cutting public spending reduces demand for goods and services directly, and cutting <\/span><span style=\"color: #000000; font-size: 12.0pt;\">social security <\/span><span style=\"color: #000000; font-size: 12.0pt;\">reduces consumer spending further.<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Neither policy creates jobs. Both reduce demand for labour. Jenrick has not explained what macroeconomic mechanism would generate the millions of new jobs his welfare policy requires.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">The One-Liners<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\">\u201cGetting people off benefits is not the same as getting them into work.\u201d<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\">\u201cYou cannot solve unemployment by adding more jobseekers.\u201d<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\">\u201cThe Bank of England is destroying jobs; Reform wants to punish people for not finding them.\u201d<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\">\u201cWhere there are 2.5 unemployed people per vacancy, the problem is not attitude<\/span><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\">,<\/span><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\"> it is arithmetic.\u201d<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\">\u201cThreatening incomes does not create jobs<\/span><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\">;<\/span><span style=\"font-style: italic; color: #000000; font-size: 12.0pt;\"> it destroys the demand that sustains them.\u201d<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Questions to Ask<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">How many new jobs does Reform believe the economy will create, and what specific policy will generate them?<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">If there are already 2.5 unemployed people per vacancy, where exactly will your three million extra jobseekers find work?<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Why is the Bank of England being allowed to deliberately suppress employment, while you simultaneously penalise people for not being employed?<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">What macroeconomic policy does Reform have that supports its microeconomic welfare culture<\/span><span style=\"color: #000000; font-size: 12.0pt;\">,<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> and why does it not appear in your published programme?<\/span><\/p>\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #c00000; font-size: 12.0pt;\">Further Reading<\/span><\/p>\n<table style=\"border-collapse: collapse; width: 100%; margin: 0 0 1.4em 0;\">\n<tbody>\n<tr>\n<th style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top; font-weight: bold; background: #f5f5f5;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #000000; font-size: 12.0pt;\">Post<\/span><\/p>\n<\/th>\n<th style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top; font-weight: bold; background: #f5f5f5;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #000000; font-size: 12.0pt;\">Date<\/span><\/p>\n<\/th>\n<th style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top; font-weight: bold; background: #f5f5f5;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"font-weight: bold; color: #000000; font-size: 12.0pt;\">What it covers<\/span><\/p>\n<\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><a style=\"color: #1f5c99; text-decoration: underline;\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/07\/27\/the-bank-of-england-creates-unemployment\/\"><span style=\"text-decoration: underline; color: #1f5c99; font-size: 12.0pt;\">The Bank of England creates unemployment<\/span><\/a><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">27 Jul 2026<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Directly establishes that <\/span><span style=\"color: #000000; font-size: 12.0pt;\">high-interest rate<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> policy deliberately weakens the labour market<\/span><span style=\"color: #000000; font-size: 12.0pt;\">;<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> the hidden <\/span><span style=\"color: #000000; font-size: 12.0pt;\">f<\/span><span style=\"color: #000000; font-size: 12.0pt;\">actor Jenrick is ignoring.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><a style=\"color: #1f5c99; text-decoration: underline;\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/07\/17\/whys-labour-destroying-jobs\/\"><span style=\"text-decoration: underline; color: #1f5c99; font-size: 12.0pt;\">Why is Labour destroying jobs?<\/span><\/a><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">17 Jul 2026<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Analyses how government-sanctioned monetary policy is reducing employment, the context Reform's welfare policy completely ignores.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><a style=\"color: #1f5c99; text-decoration: underline;\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/06\/16\/reform-wants-to-release-a-racist-wrecking-ball-on-the-uk-economy\/\"><span style=\"text-decoration: underline; color: #1f5c99; font-size: 12.0pt;\">Reform wants to release a racist wrecking ball on the UK economy<\/span><\/a><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">16 Jun 2026<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Examines the economic contradictions at the heart of Reform's employment and labour market policies.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><a style=\"color: #1f5c99; text-decoration: underline;\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/04\/23\/bank-of-england-independence-has-been-a-disaster-and-its-time-for-it-to-end\/\"><span style=\"text-decoration: underline; color: #1f5c99; font-size: 12.0pt;\">Bank of England independence has been a <\/span><span style=\"text-decoration: underline; color: #1f5c99; font-size: 12.0pt;\">disaster \u2013 and it's time for it to end<\/span><\/a><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">23 Apr 2026<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Sets out the case that Bank of England independence has produced harmful employment <\/span><span style=\"color: #000000; font-size: 12.0pt;\">outcomes<\/span><span style=\"color: #000000; font-size: 12.0pt;\">; the<\/span><span style=\"color: #000000; font-size: 12.0pt;\"> essential background to this debate.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><a style=\"color: #1f5c99; text-decoration: underline;\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/07\/the-economics-of-benefits-why-paying-them-makes-us-richer\/\"><span style=\"text-decoration: underline; color: #1f5c99; font-size: 12.0pt;\">The economics of benefits: why paying them makes us richer<\/span><\/a><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">7 Jul 2025<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Explains why benefits are economically productive<\/span><span style=\"color: #000000; font-size: 12.0pt;\">, <\/span><span style=\"color: #000000; font-size: 12.0pt;\">directly countering the fiscal sustainability argument.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><a style=\"color: #1f5c99; text-decoration: underline;\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/03\/18\/there-is-no-evidence-to-support-todays-benefits-cuts\/\"><span style=\"text-decoration: underline; color: #1f5c99; font-size: 12.0pt;\">There is no evidence to support today's benefits cuts<\/span><\/a><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">18 Mar 2025<\/span><\/p>\n<\/td>\n<td style=\"border: 1px solid #999; padding: 8px; text-align: left; vertical-align: top;\">\n<p style=\"margin: 0 0 1em 0; line-height: 1.6;\"><span style=\"color: #000000; font-size: 12.0pt;\">Demonstrates that the evidence base for cutting health and disability benefits is absent<\/span><span style=\"color: #000000; font-size: 12.0pt;\">, which is <\/span><span style=\"color: #000000; font-size: 12.0pt;\">applicable equally to Reform's proposals.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>THE RICHARD J MURPHY YOUTUBE CHANNEL DEBATE AMMUNITION Where Are the Jobs? The Truth About Reform&#8217;s Welfare Policy Funding the Future | August 2026 Topic<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/08\/18\/debate-ammunition-where-are-the-jobs\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[238,204,35,16,147,224,106,223,214],"tags":[],"class_list":["post-94997","post","type-post","status-publish","format-standard","hentry","category-debate-ammunition","category-economic-justice","category-economics","category-ethics","category-inequality","category-neoliberalism","category-politics","category-politics-of-care","category-reform"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=94997"}],"version-history":[{"count":3,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94997\/revisions"}],"predecessor-version":[{"id":95002,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/94997\/revisions\/95002"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=94997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=94997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=94997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}