Unemployment remained stuck at a near five-year high in the run-up to Rachel Reeves’s November Budget, while wage growth continued to ease, reinforcing expectations that interest rate cuts are edging closer. Figures published on Tuesday by the Office for National Statistics showed the UK unemployment rate holding steady at 5.1 per cent in the three months to November. That is the highest level since early 2021 and broadly in line with economists’ forecasts. Joblessness has...










