I'll start with your last question first. We will decide what we will do in December, factoring in all the data that will come to us from now until December.
There are two things to consider when we talk about population growth rate and its impact on inflation. The population growth rate is directly correlated to the GDP growth rate. The more consumers we have, the higher GDP growth will be, and conversely, if there are fewer consumers, GDP growth will be weaker. When it comes to inflation, however, there are effects, but it's less clear, because the population growth rate influences supply and demand. When the population growth rate slows down, there are fewer new consumers and demand is lower. However, there are also fewer new workers entering the economy and, as a result, less potential growth, so there is an effect on the gap between production and supply and demand.
You're right that different sectors will be impacted. Less population growth probably means less demand for housing, which means less pressure on that sector, but also fewer workers. As I mentioned to Mr. Davies, we will be looking at the government's new plans. According to our forecasts, there will be a sharp decline in population numbers next year. With the new changes, the drop could be even more dramatic. We will take a close look at that when we make our next forecast.