“UK unemployment MAY need to reach 6%”.

The BOE have lost control and haven’t been in control for the past 2 years.

Once unemployment starts to get going it won’t stop at 6% (QE and 0% IR created a plethora of ponzi and bubble jobs, ie Estate agents).

To get inflation back from 4-2% is the hardest part and will probably need double digit UR to get to this.

They will then try and stimulate the economy and drop rates which will wipe out the middle class as inflation soars again.

Stimulus doesn’t equal productivity.