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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Bank of England expected to hold interest rates again after joblessness rise

United Kingdom Unemployment Office for National Statistics
Commuters on their way to work cross London Bridge in January 2023
Over the same period, the number of people in work fell by 0.3 percentage points to 75.7%, the Office for National Statistics says. Photograph: Daniel Leal/AFP/Getty Images

Bank of England policymakers are expected to hold interest rates at their current 5.25% level for a second time next week after the UK jobs market showed signs of slowing down.

Official figures released on Tuesday indicated that the unemployment rate rose to 4.2% between June and August, up from 4% in the March-to-May quarter.

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