Employment hit a record 33.1 million between February and April, with increases in both the number of employees and self-employed workers, the Office for National Statistics said Tuesday. The sectors that saw the biggest job gains were health and social care, followed by hospitality, according to ONS director of economic statistics Darren Morgan.
Gilt yields, which move in the opposite direction to prices, soared in late September after investors rejected an announcement by the government of then-Prime Minister Liz Truss that it would slash taxes and ramp up borrowing in a bid to boost growth. They feared the plan would push up already-high inflation and put public debt on an unsustainable path.
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