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UK unemployment rate drops to 5.1%


The UK unemployment rate fell to 5.1 per cent between November and January, down from 5.7 per cent a year earlier, new analysis from the Office for National Statistics show.

Figures for the three months to January show the total number of people registered as unemployed dropped 28,000 compared to the previous quarter to 1.68 million.

There were 31.42 million people in work for the same period, 116,000 more than for August to October 2015.

The employment rate was measured at 74.1 per cent, the joint highest figure since current records began in 1971.



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More jobs could go following the merger of annuity providers Just Retirement and Partnership, documents published today reveal. The two firms, who both suffered heavy share price falls on the back of the pension freedoms, are due to complete their proposed merger by the end of April. In November, the insurers estimated around 5 per […]

Danby Bloch: Freedom to jump into the unknown

Pension freedoms have led many to consider transferring pension rights out of defined benefit schemes and into defined contribution ones. However, both advisers and clients should be very cautious about such transfers. The industry has been there before some 30 years ago – and it ended in tears. There are clearly circumstances in which there […]


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