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UK Inflation Expected to Fall, Unemployment Measure Changed, Business Pessimism Rises
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UK Inflation Expected to Fall, Interest ...
UK Inflation Expected to Fall, Interest ...
UK Inflation to Fall, Unemployment Measu...
UK Inflation, Unemployment Measure, and ...
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UK inflation is expected to fall in line with other countries due to 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 rest of the world. However, concerns arise as the UK changes its unemployment measure, complicating the collection and analysis of unemployment data. UK businesses are growing more pessimistic, leading to hiring freezes and staff cuts. Bank of England Governor Andrew Bailey expresses concerns about high wage growth in the UK.
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How might the drop in energy bills impact other sectors of the UK economy?
What are the potential consequences of the changing unemployment measure on policy decisions?
What steps can the Bank of England take to address the pessimistic business sentiment and high wage growth?
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