UK unemployment fell in September; Bank of England minutes show that support for keeping key interest rate unchanged at 5.75% was on a 8-1 vote

UK unemployment fell to a 2 1/2-year low in September as accelerating economic growth led companies to add workers, according to the Office for National Statistics (ONS). Meanwhile, minutes of the rate setting meeting of the Bank of England's Monetary Policy Committee show that members considered a cut in the key interest rate earlier this month and then voted 8-1 for no change, with only David Blanchflower supporting a reduction to counter a rise in corporate credit costs.
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