UK economic growth forecasts revised down by OBR

The government is contemplating a tougher year ahead after the independent Office for Budget Responsibility (OBR) revised down the prospects for the UK economy. Contraction in 2012 will be -0.1%, the OBR predicted, down from the 0.8% growth predicted at the last budget in March. The OBR foreca…

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UK economic growth forecasts revised down by OBR

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