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British employers are offering higher pay as the pool of good job candidates dries up at its fastest rate in nearly a decade, according to a survey which may worry the Bank of England. ...

The job cuts at Provident Financial, equivalent to about 10pc of the consumer-credit division’s workforce, came as first-half profit at the unit fell 27pc to £36.1m (US$55.4m) amid rising inflation, while group profit at the UK’s largest subprime lender rose to £55.3m from £54m in the year-earlier period ...

Indicating that economic recovery may be gaining momentum, unemployment claims in the UK fell 21,200 from May to 1.48 million – the biggest drop since June 2010 – but leaving the jobless rate unchanged at 7.8pc ...