BRITAIN'S ECONOMY expanded at its slowest annual rate in more than 12 years in the second quarter, according to this morning's papers.
GORDON BROWN could be forced to revise his economic growth forecast even lower than 2% after new official figures showed the economy is growing at its slowest pace for 12 years, says the Daily Telegraph. The Office for National Statistics says the economy has grown at the annual rate of 1.5% in the second quarter, not the 1.8% previously thought. The dramatic downgrade means the economy has not been weaker since the first three months of 1993, when the economy was emerging from the last recession. The Chancellor had not seen the new statistics when he admitted in Washington last Frida...
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