@spamela.bsky.social

Personal views and follows.

This year’s Universal Credit uplift means that the basic rate of unemployment benefits will go up by more than inflation for the first time since 1983. But the real-terms value of unemployment benefit is still 5% lower than in 2010-11. By contrast, State Pension rose by 20% over the same period.

Chart showing weekly real-terms value of various benefits: UK

Jeez. Just listen to this on the appalling student loans crisis “How much did you borrow?” “£84,000...” “…how much do you owe now?” “£110,000” Max Linford discusses how much his student loan has risen despite paying off £8000 since graduating in 2023. #Newsnight

Growth has weakened further since the pandemic. In fact, as of Q3 2025, the economy has taken six years to grow as much as we would have expected in roughly seven months on the previous pre-pandemic trend. Read our latest report on the UK's growth policy challenge and progress➡️ buff.ly/VWHNFCb

chart showing that As of Q3 2025, GDP per person is only 0.8 per cent above its pre-pandemic peak, with all 
of this growth taking place in the past year. By way of comparison, GDP per person grew 
at an average rate of 1.3 per cent a year in the decade to the pandemic. So the economy 
has taken six years to grow as much as we would have expected in roughly seven months on the previous pre-pandemic trend