UK unemployment rate rises to 5.1%

UK unemployment rate rises to 5.1%, reflecting a sluggish job market amid economic uncertainties. The Office for National Statistics reveals a rise from 5% last month, with young people being hit the hardest. Wage growth continues, but uncertainty surrounding hiring trends due to tax concerns prompts caution. The Bank of England is expected to make a decision on interest rates with analysts leaning towards a cut to stimulate growth in the face of a struggling labour market.