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Biggest rise in salaries since records began amid hopes of cost of living turning point

The rate of UK unemployment increased in the three months to June even as pay grew at the fastest rate since records began, new figures show.

The Office for National Statistics (ONS) said the unemployment rate hit 4.2 per cent during the quarter, up 0.3 percentage points from the previous three-month period.

It is the highest since the three months to October 2021, the ONS said, and brings the measure above pre-pandemic levels.

The statisticians said regular pay, which excludes bonuses, reached 7.8 per cent compared to a year earlier.

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