"Britain has gone from having mass unemployment to jobs galore. Unemployment is falling at a rate that confounds the economists, and employers are starting to panic. Maths teachers, chefs — the list of ‘shortage occupations’ grows ever longer. Construction companies are not tendering for work in London because they can’t find bricklayers. Financially this is a headache, but economically it’s a problem of success. The Prime Minister set out to get rid of the deficit. He failed. But instead he has presided over a jobs miracle — one that economists and policymakers are still struggling to understand, reports The Spectator. "David Cameron can take credit for creating more jobs than any first-term prime minister in postwar history.
Against this backdrop, this week’s Budget wheezes pale into insignificance. Yet still the government prefers to focus on the smoke and mirrors than on its genuine and staggering success with jobs. Last month, Iain Duncan Smith briefed the House of Lords on all the progress and was given a standing ovation. And a few awkward questions. ‘This was all new to us and we’re Tory peers,’ said one present. ‘We wanted to know: why isn’t the party talking about this?’ Ministers are being asked to behave like pull-string dolls, repeating the nebulous phrase ‘long-term economic plan’ when asked a question about sport. It sounds like spin. The irony is that it conceals a genuine achievement of radical Conservatism..."