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UK unemployment falls by 35,000

UK unemployment has fallen by 35,000 to stand at 2.65m, according to figures from the Office for National Statistics.

The fall, which covers the December 2011 to February 2012 period, is the first quarterly fall since May 2011. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 per cent on the quarter.

The inactivity rate for those aged from 16 to 64 was 23.1 per cent, down 0.1 per cent on the quarter. There were 9.27 million economically inactive people aged from 16 to 64, down 25,000 on the quarter.


Two Keydata cases upheld but only one has to pay out

The Financial Ombudsman Service has provisionally upheld two complaints against IFAs who recommended clients to invest in Keydata products but has only awarded compensation in one case. Both cases centre on the suitability of the unnamed advisers’ recommendations to invest in Keydata SLS products in 2005. In the first case, the clients, referred to in […]

Picking the lock to success

Despite a tricky few days towards the end of the first quarter of 2012, shares held on to the bulk of the gains made early in the year to recover much of 2011’s falls. There is still plenty of uncertainty out there and we remain depressingly short of regaining the heights achieved at the end […]


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