Sign in
Stories
UK Inflation Expected to Fall, Unemployment Measure Changed, Business Pessimism Rises
Share
UK Inflation to Fall, Unemployment Measu...
UK Inflation, Unemployment Measure, and ...
UK Business Pessimism and Cooling Wage G...
UK Business Pessimism, Cooling Wage Grow...
UK Business Pessimism, Wage Growth Cooli...
Overview
API
UK inflation is expected to fall to match the rest of the world, driven by a drop in energy bills. The Bank of England predicts a sharp decline in the inflation rate to below 5% in October, helping bridge the gap between the UK and the US and the eurozone. However, the accuracy and comparability of the new unemployment measure in Britain is questioned, complicating policy decisions and interest rate hikes. UK businesses are becoming more pessimistic, leading to hiring freezes and staff cuts. Wage growth in the UK has cooled, easing pressure on the Bank of England to hold interest rates. The Bank of England Governor highlighted the impact of labor-market dropouts on growth and called for supply-side reforms.
Ask a question
How can the Bank of England balance the need for restrictive policy with the concerns of businesses and workers?
How might the drop in energy bills impact other sectors of the UK economy?
What measures can be taken to ensure the accuracy and comparability of the new unemployment measure?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Jun 2023
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Coverage
gazet