Britain's employers cut the most jobs in over four years between July and S...
LONDON - Britain’s employers cut the most jobs in over four years between July and September, according to official data which highlighted how the labor market is slowing, just as an election nears.
Concerns about those signals prompted two interest-rate setters at the Bank of England to vote for a cut to borrowing costs last week. [nL8N27N6EX]That was less severe than the median forecast of a fall of 94,000 in a Reuters poll of economists but represented the biggest decline since the three months to May 2015.The Office for National Statistics said total earnings growth, including bonuses, rose by an annual 3.6%, slowing from 3.
Prime Minister Boris Johnson has called an early election for Dec. 12 in an attempt to break the impasse over his Brexit divorce plan in parliament. The Brexit uncertainty has aggravated long-running concerns about Britain’s weak productivity growth.
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