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MarketsEconomicsBOE Sees 600,000 U.K. Job Losses as Price for Taming InflationDeep economic shock forecast if BOE follows market rates pathHolding rates at 1% would soften the blow, BOE scenarios showBOE's Bailey Sees Income Squeeze Slowing U.K. EconomyByDavid Goodman and Philip Aldrick+FollowMay 5, 2022, 4:42 PM UTCUpdated onMay 5, 2022, 4:43 PM UTCSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Two years of economic stagnation and almost 600,000 job losses are the price of taming U.K. inflation, estimates from the Bank of England indicate.
