Sunak Set to Fight UK Election Against a Bleak Economic Backdrop
- BOE sees PM meeting inflation pledge but he may face recession
- Unemployment forecast to hit 4.5% in 2024 when vote expected
Rishi Sunak
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
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Rishi Sunak has a decent chance of delivering his promise to halve UK inflation this year, according to the Bank of England. But that is about as good as the latest central bank forecasts get for the prime minister, who was hoping to fight a 2024 general election with a much-improved economy.