Skip to content
Search

Latest Stories

UK unemployment goes up at fastest rate in almost five years

Britain's unemployment rate has risen for the first time in 16 months, official data showed Wednesday (22), in a sign that Brexit uncertainty is feeding into the wider economy.

The jobless rate - or the proportion of the workforce that is unemployed - stood at 4.4 percent in the three months to the end of December, the Office for National Statistics said in a statement.


That was up from 4.3 percent in the quarter to November 2017, which had been the lowest level in 42 years.

Analysts said that Wednesday's data reduced the likelihood that the Bank of England would raise its main interest rate in May, as had been widely expected by markets.

"The latest labour market data aren't a decisive blow to the chances of a May rate hike -- two more (jobless) reports will be published before then -- but they do reduce the odds," said Samuel Tombs, economist at Pantheon Macroeconomics.

Prior to the data, markets had widely expected the Bank of England to raise its key lending rate in May, by a quarter-point to 0.75 percent, following a small hike last year.

"While stubbornly high inflation and signs of higher wage growth have increased the perceived likelihood of rates rising again, it's clear that policymakers will tread a cautious line amid the heightened uncertainty facing the UK economy as Brexit worries dominate," said IHS Markit economist, Chris Williamson.

© AFP

More For You

Steel tycoon accused of diverting millions to family while bankrupt

Pramod Mittal

Steel tycoon accused of diverting millions to family while bankrupt

A STEEL magnate who holds the dubious title of Britain's biggest bankrupt has been accused of secretly channelling £63 million to his family instead of settling business debts.

Pramod Mittal, 68, who lives in Mayfair, is being sued at London's High Court by his former company Global Steel Holdings.

Keep ReadingShow less
Akshay Kumar tells King Charles to watch Kesari 2: “You’ll know why the British should say sorry”

Akshay Kumar urges King Charles to watch Kesari 2

Instagram/DharmaProductions

Akshay Kumar tells King Charles to watch Kesari 2: “You’ll know why the British should say sorry”

Akshay Kumar isn’t asking for an apology. He just wants the British to look back and really see what happened. With his upcoming film Kesari Chapter 2 hitting screens on April 18, the actor is urging both the UK government and King Charles to watch the film and confront a dark chapter in colonial history.

The film, directed by Karan Singh Tyagi and based on The Case That Shook the Empire by Raghu and Pushpa Palat, tells the story of C. Sankaran Nair, a Malayali lawyer who took legal action against General Dyer and the British government after the Jallianwala Bagh massacre of 1919. The massacre when British troops opened fire on a peaceful crowd remains one of the most horrific events of British rule in India.

Keep ReadingShow less
Rare sitting in parliament to 'protect' British Steel

Prime minister Sir Keir Starmer holds a press conference on nationalising British Steel, at Downing Street on April 11, 2025 in London, Britain. Carl Court/Pool via REUTERS

Rare sitting in parliament to 'protect' British Steel

THE government has recalled parliament this weekend aiming to pass emergency legislation to "take control" of a struggling British Steel plant, prime minister Keir Starmer said.

MPs will join a rare Saturday (12) sitting to discuss the draft bill which would allow the Labour administration to take measures to prevent the plant's imminent closure with thousands of jobs at stake.

Keep ReadingShow less
Man denies basement rape claims in Rochdale child abuse trial

Seven men are currently on trial at Manchester Minshull Street Crown Court. (Photo: iStockphoto)

Man denies basement rape claims in Rochdale child abuse trial

A MAN accused of raping a teenage girl in the cellar of his clothing shop has told a court he never even went down to the basement.

Prosecutors claim two vulnerable girls, from the age of 13, were treated as "sex slaves" by a group of men in Rochdale between 2001 and 2006. The girls were allegedly given drugs, alcohol and cigarettes.

Keep ReadingShow less
fbu-iStock

The FBU is planning to introduce new internal policies and wants the TUC to take action as well. (Representational image: iStock)

FBU chief raises concern over rise in racist online posts by union members

THE FIRE Brigades Union (FBU) and other trade unions are increasingly concerned about a rise in racist and bigoted online comments by their own members and officials, according to Steve Wright, the FBU’s new general secretary, speaking to the Guardian.

Wright said internal inquiries have revealed dozens of cases involving members using racist slurs or stereotypes, often aimed at asylum seekers.

Keep ReadingShow less