UK Unemployment Comes In Higher Than Expected — Pound Falling

More unimpressive news out of the UK, this time on the unemployment front.

These tweets capture the problems.

The UK’s weak economy is a big story for multiple reasons.

One is it’s seen as a test for austerity.

It’s also going to be a challenge for incoming Bank of England chief Mark Carney, who will certainly have his work cut out for him.

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