Mer to Toff Boy it's all going to pot another downgrade for 2013.
Quote:
Bank Of England Downgrades UK Growth Forecast
The Bank of England has downgraded its growth forecast for the UK economy next year to around 1%, blaming a worse than predicted impact from the financial crisis.
The bank now believes output will remain below pre-financial crisis levels for the next three years and may even shrink in the final quarter of this year while inflation may not now come back to its 2% target until the second half of 2013.
Its governor, Sir Mervyn King, announced the figures at the release of the bank's quarterly inflation report.
He admitted the UK was facing an "unappealing" combination of inflation and growth in the short term.
Only on Tuesday was it confirmed that the Consumer Prices Index measure of inflation had risen sharply from 2.2% in September to an annual rate of 2.7% last month.
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http://uk.news.yahoo.com/bank-englan...mt-container-b
So another great year of stagnation and no growth as well here we come recession part three.
TOFFBOY YOU HAVE FAILED!
Ed I urge you once again call a bloody general election now, vote of no confidence in this coalition. How much longer have we got to suffer Ed?
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