Bank of England cuts its forecast for UK economic growth; No respite from slowdown as unemployment rose the most in almost 16 years
Aug 13th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bank of England cut its forecast for UK economic growth today and said the inflation rate will fall below the 2 percent target in two years as unemployment was reported to have risen the most in almost 16 years.