Unemployment in the UK fell by 27,000 in the three months to February to 1.34 million, official Office for National Statistics (ONS) figures show. The number of people in work was also virtually unchanged at a record high of 32.7 million, with a jump of 179,000.
British annual inflation hit a two-year low point in January, undershooting the Bank of England’s 2.0 per cent target on falling oil and other energy costs, official data showed on Wednesday.
Spanish-owned bank Santander is slashing its branch network by almost a fifth, putting 1,270 jobs at risk. The bank blamed the closures on changes in how customers are choosing to carry out their banking. It said branch transactions have fallen 23% in the last three years, while digital transactions have soared 99%.
Growth in life expectancy in the UK has come to a halt, new figures show. A girl born between 2015 and 2017 is expected to live until 82.9 years old – no change on the previous figure for 2014-16, according to the Office for National Statistics (ONS). The figure for baby boys born in 2015-17 is also unchanged, at 79.2 years.
UK unemployment fell by 65,000 to 1.36 million in three months to June - the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show. They also show a rise in productivity, but a slowdown in wage growth.
Inflation in the UK remained at 2.4% in May, according to the Office for National Statistics (ONS), after its fall was halted by a sharp rise in fuel costs. The ONS said that fuel prices increased by the biggest monthly amount since January 2011, rising by 3.8%.
Britain’s unemployment rate has fallen to a new year 42-year low, official data showed on Wednesday, but wages growth remains far below overall inflation. The unemployment rate fell to 4.3% in the quarter through to the end of July, reaching the lowest level since 1975, the Office for National Statistics (ONS) said in a statement. It had stood at 4.4% in the three months to June.