Bank of England expected to leave interest rates on hold; UK unemployment falls – business live

Rolling coverage of the latest economic and financial newsUK wage growth was stronger than expected in the three months to April, this morning’s labour market data shows.Basic pay (which excludes bonuses) rose by 3.4% year-on-year in the quarter, while total pay (including bonuses) rose by 4.4%; both measures were unchanged compared with a month earlier. Continue reading...