British unemployment has risen as wage growth has eased, official data showed Tuesday, leaving the door open for an interest rate cut, according to analysts. The UK unemployment rate rose to 4.2
Newly appointed UK finance minister Jeremy Hunt is a mild-mannered political survivor who will require all of his considerable experience to calm an economy and government beset by chaos. (Photo by Daniel LEAL / AFP)
UK unemployment has steadied but wages continue to lag sky-high inflation, official data showed Tuesday, fuelling a cost-of-living crisis and mass strike action.