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Thursday 30th of October 2025 E-paper
* Forex reserves stand at $32.15b   * 92500 Army, Navy personnel to be deployed for national election   * Yunus warns of ‘challenging’ election and possible sudden attacks   * High-level meeting on election preparations held at Jamuna   * HC issues rule to pay Tk 2cr to family of metro rail accident victim   * Cyclone Montha weakens after crossing Andhra Pradesh coast   * Overnight Israeli strikes in Gaza kill at least 60, including children   * Active Role of Youth Essential for the Victory of ‘Dhaner Sheesh’ : Rita   * Daffodil, City Univ students clash; vehicles torched, offices looted   * Metro rail resumes full operations after Farmgate accident  
   Business
  UK unemployment hits highest in over four years

BSSA/AFP) - Britain`s unemployment rate has edged up to the highest level in over four years, official data showed Tuesday, adding to the country`s economic strains ahead of the government`s annual budget.

The rate reached 4.8 percent in the three months to the end of August -- the highest level since the first half of 2021, the Office for National Statistics said in a statement.

That compared with unemployment at 4.7 percent in the three months to the end of July, the ONS added in a statement.

The data comes as Britain endures stagnant growth and stubbornly-high inflation, around six weeks before the Labour government sets out its latest tax and spending plans.

"The latest statistics... show some significant cracks are forming in the UK labour market," noted Richard Carter, analyst at investment manager Quilter Cheviot.

"With the budget looming, this is likely to continue. Higher... (taxes) have placed a significant burden on businesses already this year, so they will likely hold off on any major hiring plans until they know with certainty whether any further changes lie ahead."



  
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