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The Bank of England has become less gloomy about unemployment amid signs that budget measures and a more resilient than expected economy will improve the UK’s jobs’ outlook.
Announcing the decision of the latest meeting of its nine-strong monetary policy committee (MPC), Threadneedle Street said it was likely its next set of economic forecasts – due out in early May – would forecast a jobless peak below the 7.75% pencilled in last month.
Read more at The Guardian.