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News of the DayBack

The Financial Times

UK unemployment rate falls to lowest level since 2006

Unemployment in Britain has dropped to its lowest rate in almost a decade but persistently weak pay growth has bolstered the case for the Bank of England to hold interest rates at their record lows. The jobless rate fell from 5.2 to 5.1 per cent in the three months to November, the lowest since 2006, long before the financial crisis hit. The official figures underscore how much the labour market has healed. Joblessness peaked at 8.5 per cent in 2011 and has dropped more quickly than anyone expected, in spite of an uneven economic recovery.

Record exports for UK carmakers as demand from Europe grows

Britain’s carmakers shrugged off steep declines in Russia and China last year to ship more cars overseas than ever, accelerating the revival of a domestic industry once left for dead. Figures released on Thursday showed that factories up and down the country — from Nissan in Sunderland to Rolls-Royce in Goodwood — built 1.59m vehicles in 2015, the highest number since 2005, according to the Society of Motor Manufacturers and Traders.


The Times

Town halls lose £8m in pothole payouts

Nearly £8 million in compensation payments related to potholes have been paid out by local councils over the past two years, a new survey shows today. Research from the TaxPayers’ Alliance shows that “compensation culture” has resulted in 42,000 payments made between 2013-14 and 2014-15, at a total cost to the taxpayer of £104 million.

As central grants have been cut, many councils have failed to maintain roads and repair potholes, resulting in costly compensation claims after motoring accidents, the data suggests.


The Daily Telegraph

Car insurance up £100 in a year

The average cost of car insurance has risen by more than £100 over the past year, with false or exaggerated whiplash claims adding £50 to every policy. Data from AA Insurance reveals the average price of insuring a driver for a year has jumped by 20pc, from £520 at the end of 2014, to £625 at the end of 2015. The bulk of the price hike occurred over the past three months, with the average quote now £59, or 10pc more expensive than it was last autumn.

Posted by Lois Hardy on 21/01/2016