Summary
The UK economy will face a sharp slowdown if the Bank of England raises interest rates again, and growth will tail off even at the current rate of 5.5 per cent, a business lobby group has warned.
In its quarterly economic forecast, the British Chambers of Commerce predicted the BoE's four rate increase since August, and the likelihood that it will move again by the end of the year, will cause GDP growth to slow from 2.8 per cent in 2006 to 2.5 per cent in 2007, and to two per cent in 2008.See the full content of this document
Extract
Bcc Warns Bank of Slowdown ; Growth
In February the BCC was mo...
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