More good economic news!

The number of employed people in the UK has risen again, to a new record number of 32.7 million people between November and January, figures from the Office for National Statistics (ONS) show.

The 76.1% employment rate is the highest since records began in 1971.

Unemployment fell by 35,000 to 1.34 million in the period, putting the rate below 4% for the first time since 1975. The figure is 112,000 lower than a year ago, giving a jobless rate of 3.9%, well below the EU average of 6.5%.

Average weekly earnings, excluding bonuses, were estimated to have increased by 3.4%, before adjusting for inflation, down by 0.1% on the previous month but still outpacing inflation.