New Economics Foundation

Why is it so hard to get a job right now? The job market has tipped off-balance. Unemployment is higher than expected and there are too few job vacancies compared to the number of people looking for work.

When lots of people are competing over a small amount of vacancies, workers have less bargaining power - which can stop wages from going up.

This government wants to get more people "back to work" - but what if there aren't enough jobs for them to go into?

**APPLICATIONS CLOSE TOMORROW**

We’re hiring a Programme Coordinator to help deliver our major programmes, keeping things on track, on time and on budget.

Role: Programme Coordinator

Salary: £35,845

Hours: full time (32 hours a week)

Contract: 18 months

Deadline: Midnight, Sunday 18 January

Apply today: https://neweconomics.org/about/work-with-us/programme-coordinator

We're hiring! Join us as our new programme coordinator. Support the delivery of our major programmes to ensure they deliver to time, task and budget.

Salary: £35,845
Hours: full time (32 hours a week)
Contract: 18 months

Apply today: https://neweconomics.org/about/work-with-us/programme-coordinator

From identity politics to American democracy to the logic of austerity, the New Economics Podcast with Ayeisha Thomas-Smith hosted some incredible guests.

Make sure you subscribe so don't miss the next season!

From fixing local government funding issues and investing in people and their communities to ensure places are not stripped of their wealth, to engaging people in real decision-making, NEF is helping communities up and down the UK to take back power and thrive.

NEF is pioneering new approaches to managing the economy. We’re showing that tackling climate change and tackling inequality can – and must – go hand in hand.

NEF is challenging the failed economics of austerity. We are redesigning public services and social security for the 21st century economy. We are showing how everyone can have the security and foundations they need to thrive.

NEW: The Treasury could save almost £5bn a year by ending interest payments to Bank of England - enough to scrap the two-child benefit limit.

"The Osborne-era policy of the Treasury covering the Bank of England’s losses makes no economic sense," says Dominic Caddick.

In the US and the eurozone, central banks' financial activities are not covered by the taxpayer. We could do the same thing here. This government can renegotiate its arrangement with the Bank.

Read about it in the Times: https://www.thetimes.com/business/economics/article/bank-of-englands-5bn-loss-on-bond-sales-to-eat-into-rachel-reeves-headroom-lkv8ks82k

Read the full briefing: https://neweconomics.org/2025/11/rewriting-the-indemnity

Bank’s £5bn loss on bond sales to eat into Reeves’s headroom The Bank of England’s gilt selling programme will incur interest rate losses the Treasury must cover, adding to the chancellor’s woes