Britain’s Office for National Statistics said in a statement on Tuesday that the UK unemployment rate had risen to 3.9% from 3.8 in February.
UK Finance Minister Jeremy Hunt said, commenting on the figures: “It is encouraging that the unemployment rate is at unprecedented levels, but the difficulty in finding labor and high prices are of concern to many families and businesses”.
He added: “We must stick to our plan to halve inflation and help families with the cost of living, while continuing reforms in childcare and support for the elderly. and people with special needs who wish to work.
The annual inflation rate in Britain remains high, with rising food prices in the country mitigating the impact of falling energy prices.
A few days ago, the Bank of England raised interest rates by 25 basis points to 4.5%, continuing its hawkish policy to curb inflation, which remains the highest of all developed economies. .
The Bank of England, whose decision was in line with analysts’ expectations, said Britain’s economy would avoid recession this year.
The Bank of England was one of the first major central banks to raise interest rates to control rising prices, as it has raised interest rates since December 2021 twelve times so far, to reach their highest levels since 2008.
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