UK jobs hit record high as Bank of England weighs up rate hike

British employers increased their payrolls to a record high in September, shortly before the end of the government’s wage subsidies scheme, potentially encouraging the Bank of England’s progress towards a first post-pandemic interest rate hike.

The number of workers on companies’ books rose by the most on record in data going back to 2014, up by 207,000 from August.

Employers turned to recruitment agencies to find staff and hotel and food firms created jobs as they recovered from COVID-19 lockdowns.

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