Britain’s unemployment rate has struck the lowest level for more than 41 years, official data showed on Wednesday as the country prepares to trigger its exit from the EU.
However, a drop in the jobless rate comes alongside news of slowing wages growth.
Unemployment for the quarter ending Jan. 31 fell to 4.7 percent from a rate of 4.8 percentRead more
British retail sales fell unexpectedly this month after a strong showing in August, according to a new survey, contrasting with robust figures since June’s vote to leave the European Union.
The Confederation of British Industry said its retail sales balance dropped to -8 in September from a six-month high of +9 in August. That was below all forecasts in aRead more
Britain’s construction industry suffered its worst contraction in seven years in June as concern grew about a referendum on European Union membership, according to a survey that was mostly conducted before Britain voted on June 23 to quit the EU.
Financial data company Markit said on Monday its construction Purchasing Managers’ Index plunged to 46.0 in June from 51.2 inRead more
The Brexit vote could cool London’s superheated property market, with some professionals already noting signs of a slowdown, though Gulf investors have signalled their interest is so far undimmed.
After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 percent higher than theirRead more