The U.K.’s unemployment rate held steady as pay growth cooled slightly, likely keeping the Bank of England on course to keep its key interest rate unchanged at this month’s meeting, the Wall Street Journal reported. The jobless rate was 4.7% in the three months to July, the same as the three months to both May and June. The key metric of earnings growth excluding bonuses was 4.8% on year in the same period to July, easing from the 5.0% to June, the Office for National Statistics said Tuesday.

The United States and Britain plan to announce more than $10 billion in economic deals this week as part of U.S. President Donald Trump's state visit, senior U.S. officials said on Monday, Reuters reported. The two governments are expected to seal a trade agreement with three pillars: a new science and technology partnership to strengthen the tech sectors of both countries, cooperation in civil nuclear power, and advances in defense technology cooperation, the officials said in a telephone briefing. Several U.S.

The past two weeks have been dreadful for Jaguar Land Rover (JLR), and the crisis at the car maker shows no sign of coming to an end, according to a BBC.com report. A cyber attack, which first came to light on 1 September, forced the manufacturer to shut down its computer systems and close production lines worldwide. Its factories in Solihull, Halewood, and Wolverhampton are expected to remain idle until at least Wednesday, as the company continues to assess the damage. JLR is thought to have lost at least £50m so far as a result of the stoppage.

Cryptocurrency groups are urging the Bank of England (BoE) to abandon plans to cap the amount of stablecoins that individuals and businesses can hold in the UK, Decrypt.com reported. “Imposing caps on stablecoins is bad for UK savers, bad for the City and bad for sterling,” Tom Duff Gordon, vice-president of international policy at Coinbase, told the Financial Times. “No other major jurisdiction has deemed it necessary to impose caps.” The pushback comes following an FT report that BoE officials plan to continue pursuing the implementation of a 2023 BoE consultation paper on stablecoins.

Shropshire Council leaders have pledged to do "all that they can" to avoid running out of money by April, BBC.com reported. A report presented to the authority's cabinet on Wednesday showed it must make urgent savings to avoid going over budget by £35.2m this financial year - £889,000 of which can't be funded using its reserves or by other means. Members voted unanimously "with a heavy heart" to declare a "financial emergency" and outlined measures to be put into place to secure tighter control over all aspects of spending.

The U.K. housing market continued to experience a slowdown in sales in August, according to a report from the Royal Institution of Chartered Surveyors, the Wall Street Journal reported. Most parts of the U.K. experienced a decline in new buyer inquiries, with the slowdown expected to continue in the coming months, according to a RICS survey of property professionals. This suggests that the fall in buyer demand gathered momentum over the month, with most parts of the country seeing a negative trend emerge, RICS said. Agreed sales also faced a quickening slowdown in August.

Argo Blockchain, a UK-based Bitcoin mining company listed on the London Stock Exchange, has entered a restructuring agreement that will likely see over 80% of its equity acquired by US group Growler Mining, UKTech.news reported. The firm announced in June that it was seeking a loan and restructuring deal described as “necessary to avoid an uncontrolled insolvency and liquidation”.