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Bank slashes UK growth forecast as it predicts yet more job losses

Labour's stuttering growth ambitions suffered a fresh blow yesterday as the Bank of England slashed its GDP forecast for the UK and warned of rising job losses, writes John-Paul Ford Rojas. The Bank predicted growth would slow to 0.9% this year while unemployment would hit 5.3% – adding more than 70,000 to the jobs scrapheap. [...]