We now know that since the start of the year the number of payrolled employees in the UK has fallen by 80,000. Or perhaps it’s nearer 100,000. Or maybe only 50,000. The truth is we can’t be sure, given that the survey on which the ONS data is based is spectacularly unreliable. In fact, the UK’s labour market data is so ropey that one government economist complained they were “flying........

© City A.M.