Bank of England 'edges closer' to rate rise

Bank of England governor Mark Carney
Mark Carney, governor of the Bank of England

Mark Carney, governor of the Bank of England (BoE), said today that job creation in the UK had been "the quickest on record" since he took office last July.

"The UK economy is starting to head back to normal," Carney added during a speech in Glasgow.

But minutes of the UK central bank's Monetary Policy Committee (MPC) meeting earlier this month – released today – highlighted concerns about stagnant wages despite falling unemployment.

Uncertainty about the degree of labour market slack had "risen

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