UK Unemployment Falls to 4.7%, Boosting Government Ahead of Budget
Joe Nellis of MHA says the unexpected decline provides a significant boost ahead of the government's budget, though it is not a decisive turning point. He cites the IMF's expectation that the economy will grow 1.3% this year.
An unexpected fall in U.K. unemployment to 4.7% provides a significant boost ahead of the government's budget, Joe Nellis at MHA says in a note. "This follows the upbeat news from the IMF last week that the economy is expected to grow by 1.3% this year." Still, this is hardly a decisive turning poi…