UK Inflation Expected to Fall, Interest Rates Unchanged, Unemployment Measure Changed

UK inflation is expected to fall to match the rest of the world, driven by a drop in energy bills. The Bank of England has decided to keep interest rates unchanged, stating it is too early to consider rate cuts. Changes in the unemployment measure raise concerns for policy makers. UK businesses are pessimistic, leading to hiring freezes and staff cuts. The Bank of England Governor expresses concerns about high wage growth.