This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
CA
Pocketmags Digital Magazines
   You are currently viewing the Canada version of the site.
Would you like to switch to your local site?
Digital Subscriptions > > Economic summary

Economic summary

United Kingdom

Unemployment dropped to 4.6% in mid-May, its lowest level since 1975, as the proportion of men and women aged 16 to 64 in work rose.

GDP growth for Q1 was revised down by the ONS from 0.3% to 0.2% as household spending slowed.

The Bank of England voted seven to one to maintain interest rates at 0.25% at its May meeting, with only Kristin Forbes advocating a hike of 25 basis points.

READ MORE
Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.