The cabinet also ended requiring quarantine for incoming travellers who are vaccinated or those who have recovered from COVID-19 not more than 90 days ago, provided they conduct a PCR test within three days from their arrival date.
"We do hear those stories about input prices but we are not yet seeing strong evidence of passing-through into consumer prices," Bailey told lawmakers in Britain's parliament, echoing recent comments he has made about the inflation outlook.
Pandemic Unemployment Payment claims dropped 13,498 to 363,167 down from a peak of 480,000 in February, data from the social protection department showed.
April housing starts fell to an annualized rate of nearly 1.57 million, due to contractions of 34.8 percent in the Midwest and 11.5 percent in the South.
He said the next phase of his strategy would focus on driving shareholder returns through deleveraging, improving the return on capital, and committing to its dividend.
However, stocks markets in the developing economies of Indonesia, Malaysia and the Philippines were broadly lower as worries over the virus and its impact on their economies remain.
A heady rally in metal stocks paused last week as commodity prices pulled back from record prices. The Nifty metal index is up more than 10% this month despite the pause last week, after surging 21.9% in April.
Macron notably announced that France would cancel almost $5 billion in debt owed by Khartoum in order to help a transition he described as an "inspiration".
Cyclone Tauktae battered swathes of the vast nation, sending huge waves crashing onto its shores, turning streets into rivers and forcing hundreds of thousands of people to flee.