Money Distilled

The UK Misery Index Shows Why Voters Are Grumpy

Easing inflation has been offset by rising unemployment.
A job centre in the UK.Photographer: Darren Staples/Bloomberg
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

Let’s step away from the joys of geopolitics for five minutes (as a big speech happening as you receive this might render anything I say out of date), and deal instead with the more prosaic world of the UK’s domestic economic data.