UK unemployment rate remains at 7.8 % , fell by just two jobs in the three months to June . Newly - appointed Bank of England Governor Mark Carney said rates will remain on hold at 0.5 % . In March , UK finance minister George Osborne gave the Bank of England new powers to focus on UK growth . The Bank of England has already carried out a Â£375 billion bond - buying program , known as quantitative easing .
UK unemployment rate remains at 7.8 % , fell by just 4,000 jobs in the three months to June . Newly-minted Bank of England Governor Mark Carney said rates will remain on hold at 0.5 % . In March , UK finance minister George Osborne gave the Bank of England new powers to focus on UK growth . The Bank of England has already rolled out a Â£375 billion bond-buying program , known as quantitative easing .