Business chiefs urge Bank of England to leave interest rates on hold

British Chambers of Commerce raises growth forecast but warns global turmoil should make Bank hold fire on rate rise

Britain’s businesses are urging the Bank of England to leave interest rates on hold “well into 2016”, to cushion the economy against global turmoil, as rate-setters prepare to announce the result of their September policy meeting.

Publishing its latest quarterly economic forecast, the British Chambers of Commerce has upgraded its expectations of GDP growth but cautions the Bank’s nine-member monetary policy committee (MPC) against pushing ahead with tightening policy.

Related: Bank of England chief says interest rate plans unaffected by Chinese slowdown

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Boost for Tony Abbott as Australian unemployment fell in August to 6.2%

The jobless figure fell as expected last month from 6.3% in July and the total number of people in work rose by 7,400 driven by part-time jobs

Australia’s unemployment rate fell to 6.2% in August despite disappointing economic growth and turmoil on the world’s stock markets.

Related: Economic management is now Tony Abbott’s weakest claim to re-election | Stephen Koukoulas

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