UK unemployment rate falls to 4.9% and wages grow more than expected

Drop will put pressure on Bank of England to raise interest rates despite peace deal in Iran warBusiness live – latest updatesUnemployment fell and wages increased in April, official figures showed, putting pressure on the Bank of England to raise interest rates despite a peace deal in the Middle East.The latest figures from the Office for National Statistics (ONS) showed unemployment slipped to 4.9% in the three months to April from 5% in the three months to March. Continue reading...