Slowdown in growth as BoE faces new rate pressure - papers

The figures come as the governor of the Bank of England, Mervyn King, prepares to make a speech tomorrow evening at a time of harsh criticism of the Bank's ability to control inflation. The Prime Minister, David Cameron, has recently expressed his "concern" about price rises, reports the Independent. Having expanded by 0.7% in the period from July to September and 1.1% in the second quarter of 2010, most economists expect growth in the last 12 weeks of the year to slow again, with the typical prediction being a modest 0.4% expansion in GDP. READ MORE...