The high employment has come at the cost of cratering productivity growth - we are producing, per hour, 0.9% more than we were 10 years ago.
The OBR's forecasts giving the Chancellor nearly 30 billion to ease the impact of Brexit on the economy assumed much higher productivity growth. His war chest of 26 billion has just been cut by 2/3rds.
This also means less cash to spend on the goodies that were discussed during the Conservative Party conference.
Although if I'm doing Paramore perhaps this is more appropriate: