Bank of England unlikely to rush into an early interest rate rise

Employment up by more than 250,000 on the quarter. The unemployment rate below 7% and at its lowest rate in five years. Average earnings are picking up and finally outpacing prices.

UK inflation rate drops to 2.8% in May, says ONS

The UK rate of inflation fell last month to a two-and-a-half year low owing to slowing fuel and food prices.