The UK unemployment rate rose to 4.4 per cent in the three months to the end of April, up from 4.3 per cent in the previous quarter, according to fresh data from the Office for National Statistics.
But hopes that an easing labour market could spell an interest rate cut at this month’s meeting of the Bank of England’s Monetary Policy Committee are kept in check by strong wage growth, with UK pay excluding bonuses up 6 per cent in the second quarter.
The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Raspberry Pi, Heathrow Airport, FirstGroup and GSK. Read the Tuesday 12 June Business Live blog below.
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