The UK unemployment rate rose to 5 per cent and wage growth slowed in the three months to September, sparking a rally in gilts as traders raised bets that the Bank of England will cut interest rates next month to boost a lacklustre economy.
Tuesday’s unemployment figure from the Office for National Statistics was the highest for a decade outside the pandemic period, and above the 4.9 per cent expected by economists.
The rise in the jobless rate followed a long period of weak hiring, with revised tax data showing payroll employment has fallen by 180,000 since chancellor Rachel Reeves announced higher taxes on employers in last year’s Budget.
您已阅读15%（646字），剩余85%（3569字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。