The Confederation of British Industry (CBI) has warned that UK unemployment is on course to reach its highest level in more than a decade as rising business costs, weaker economic growth and global instability weigh on the economy.
In its latest economic outlook, the business group forecast that unemployment will rise to 5.5 per cent of the workforce, equivalent to around two million people out of work. If realised, that would mark the highest unemployment rate since mid-2015.
