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Economy News

UK jobs fall by most in over four years as election nears

Britain's employers cut more jobs from July to September than in any quarter for four years, according to official data, which highlighted how the labour market is slowing as an election nears although the fall was smaller than economists forecast.

UK employers' hiring plans lift off 18-month low - CIPD

British employers' hiring plans have risen from an 18-month low, a survey showed on Monday, contrasting with other less upbeat signs from the labour market that prompted two Bank of England policymakers to call for a cut in interest rates last week.

Bank of England surprises as two officials back rate cut

Two Bank of England officials unexpectedly voted to lower interest rates on Thursday to ward off an economic slowdown, and others including Governor Mark Carney said they would consider a cut if global and Brexit headwinds do not ease.

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