FTSE 100 Live: ‘Pay growing fastest since records began’, unemployment up to 4.2%

The UK unemployment rate rose to 4.2% in JUne, it was revealed today, despite expectations that it would remain at 4%. The Bank of England already said that salaries are rising too quickly to keep inflation under control even when they were rising at much lower rates. Food inflation soared in the spring, but appeared to be coming back to earth in June.