UK risks 'groundhog year' in 2013, warns thinktank

The Institute for Public Policy Research (IPPR) said consumer and business morale had been dampened by concerns there will be years of austerity, and by continuing uncertainty over the eurozone crisis. "It seems that time has stood still for the last 12 months," said IPPR chief economist Tony Dolphin. "Policymakers appear to have little idea how to boost growth in the economy and are left hoping that the news will get better. The risk is that 2013 could be groundhog year for the UK economy." The government's official economic forecaster, the Office for Budget Responsibility, expect...