UK Unemployment – 24/10– Having been delayed from last week the latest UK ILO unemployment numbers for September are expected to remain unchanged after edging up to 4.3% for the 3-months to August. The ONS said the reason for the change of date was down to delays in collating responses and that the extra time would be used craft better estimates of the UK labour market.
Since those peaks the shares have lost around 25%, coming under pressure due to a combination of factors, including concern over the management of the bank after the departure of CEO Alison Rose after it was revealed she was the source of a leak over the details of the bank’s relationship with Nigel Farage. The row over the saga also raised serious questions over the governance of the bank and more specifically the Coutts business.
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