UK Job Market Weakens as Recession Fears Grow

UK unemployment rate rose to 4.2% in the 3 months to August, up from 4.0%, according to new experimental ONS data.

Number of people in work fell by 82,000 in the 3 months to August. Job vacancies fell below 1 million for first time since mid-2021.

UK private sector output declined for 3rd straight month in October as economy "skirts recession". Manufacturing PMI at 45.2, services PMI at 51.5.

British Gas owner Centrica warns "worst is yet to come" on energy bills and household debt this winter.

Barclays profits fell 4% in Q3 as investment bank income dropped. Bank drawing up fresh cost-cutting plans.