Unemployment in the United Kingdom fell to 4.4 percent in the second quarter, the lowest since 1975, with basic wages rising 2.1 percent -- more than economists had forecast. While the Bank of England expects pay growth to remain below the rate of inflation for months to come, the outlook is for price rises to peak later this year. The British government has also published another Brexit position paper, this time on the Irish border, saying it wants no physical infrastructure on the 310-mile crossing.
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