Bank of England: The unemployment rate is expected to average 5.0% in 2026, 5.3% in 2027, and 5.2% in 2028. In an unfavorable outlook, the CPI for the third quarter of 2027 is expected to be 4.1%, compared to 2.4% in a milder scenario. Regular wages in the private sector are expected to increase 3.0% year over year in the fourth quarter, 3.1% in the fourth quarter of 2027, and 3.1% in the fourth quarter of 2028.

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