Business

摘要

Britain's unemployment rate fell sharply to 7.1%, almost touching the 7% that the Bank of England once said in its "forward guidance" would prompt it to contemplate an increase in interest rates. When it published its guidance the central bank suggested that unemployment would not drop to 7% until 2016, though it has since said Britain will breach that magic number later this year. With the recovery firmly under way (the imf now expects gdp to grow by 2.4% in 2014) many think unemployment will dip below 7% before long.