World Bulletin / News Desk
The British employment rate is at a record high ahead of the start of the country’s Brexit negotiations, official figures revealed on Wednesday.
The Office for National Statistics (ONS) said the employment rate reached 74.6 percent in the last three months. This is the highest the figure has been since 1971, when records began.
There were over 300,000 more people in work compared to the same time last year and the number of women in work was at a record rate of 70 percent, the ONS said.
The latest statistics also reveal unemployment continued to run at an 11-year low of just 4.8 percent, down by more than 900,000 since 2010.
Britain’s Secretary of State for Work and Pensions Damian Green said the country remained in a position of strength with the latest data.
“Our ongoing welfare reforms will continue to incentivize work and make sure the system is fair to all those who need it and those who pay for it,” Green said.
A government statement said “full-time work continues to drive the increase in employment, rising by 218,000 workers on the year, meaning that more people have the security of a regular wage”.
It added that “the number of people claiming benefits (claimant count) fell by 42,000 on the quarter to 2.1% -- the lowest rate since 1974.”
The rate of loan growth to firms and consumers is a closely-watched indicator for the economic outlook.
Index sees rise of 6.8 pct from January to February, according to Turkish Statistical Institute
Since Britain voted last June to exit the European Union, the country's finance, car and airline sectors have been lobbying the loudest for continued access to the European single market.
France remained Germany's second largest trading partner while the US slipped from first to third place, as bilateral trade contracted by five percent to 165 billion euros.
Upcoming joint meeting seeks to tackle obstacles to trade between Turkey, Egypt
Next step in proposed Turkey-Israel natural gas pipeline project is to put words into action: Israeli conglomerate Delek
The unit was at 19.69 to the dollar, strengthening from around 19.90 on Thursday and up more than 10 percent from its record lows around 22.00 in early January.
The country's federal, state and local governments together achieved an overall surplus in their public finances of 23.7 billion euros ($25 billion) last year, according to Germany's statistics office Destatis.
Exchange rate dipped to as low as 3.5756 points, lowest figure since Jan 4.
European bank finances Turkey's Bozankaya, public transportation vehicles producer, to produce metro trains for Thailand
Net profit surged more than four times to £2.0 billion ($2.5 billion, 2.4 billion euros) in 2016 compared with net profit of £466 million a year earlier, LBG said in an earnings release.
Turkish lira becomes best performing emerging-market currency against U.S. dollar over last 3 weeks
ITC Executive Director Arancha Gonzalez says such moves would create 'snowball effect' of instability
Aude Fleurant, head of the armaments program at Sipri, told AFP that "competition is fierce among European producers" with France, Germany and Britain in the lead.
PSA, the parent company of France's Peugeot, Citroen and DS, has confirmed it is interested in taking over Opel, the German arm of US giant General Motors.
Progress has been made in Southern Gas Corridor project , says Azerbaijani president