Brent crude climbs above $91 a barrel
Pat McFadden, the UK’s work and pensions secretary, said:
It’s encouraging to see signs of progress in the latest figures, with employment on the up and a continued fall in unemployment rate.
We will continue to reform welfare and employment support so that more people can live independently and restore opportunity across the country.
Put simply, while the labour market may seem stagnant on the surface, there are some signs of stabilisation on the horizon.
For the Bank of England’s monetary policy committee, today’s data won’t do much to move the dial. Weakness in headline indicators should keep the MPC stuck on the sidelines for now as markets turn their focus to tomorrow’s inflation data.
