DAILY EXPRESS: THE Bank of England issued a dire warning about the state of the UK economy today, claiming that interest cuts may need to be cut further as growth slows and inflation soars.
Bank Governor Mervyn King warned that UK growth is expected to be less than two per cent by the end of the year, a sharp fall from the current rate of three per cent.
He also said interest rates may have to be cut further to prevent the economy falling into recession. Bank Warns of Sharp Slowdown in UK Economy >>> By Nicola McCafferty
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