Economics
U.K. Labor Market Data Strengthens Case for BOE Rate Rise
- Companies added more than 160,000 payrolls in October
- Impact of furlough ending crucial to next move on BOE rates
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The U.K. labor market strengthened after the government’s benefit program for those out of work in the pandemic came to an end, bolstering the case for the Bank of England to raise interest rates as soon as next month.