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UK Economy · United KingdomBritain’s jobless rate remained at a four-year-high in the latest quarter as job vacancies declined again, pointing towards further “cooling in the labour market”.
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Unemployment in the UK at four-year high as number of job vacancies plummet
49% Center coverage: 16 sources
Bank of England · LondonThe Bank of England has long suffered from the accusation of groupthink. Reforms have been mooted – and some have been implemented – but it has struggled to shake off the charge. Economists at the Cato Institute and the National Institute of Economic and Social Research (NIESR) have, for example, pointed the blame at Threadneedle Street’s idiosyncrasies for the surge in inflation after Russia’s full-scale invasion of Ukraine. But as the City awa…See the Story
The Bank of England’s trouble-free decision to cut interest rates
100% Center coverage: 1 sources
Bank of England · LondonThe Pound to Euro (GBP/EUR) exchange rate consolidated near 1.1550 on foreign exchange markets, close to a one-week best, as GBP Sterling investors continue to digest last week’s Bank of England (BoE) policy decision.See the Story
