Bank of England cuts UK growth forecast
The Bank of England has cut its UK growth forecast for 2011 from 1.8% to about 1.5%, warning that the ``headwinds are growing stronger by the day''.
Britain on Monday raised its 2010 growth forecast to 1.8 per cent from 1.2 per cent, citing a stronger-than-expected recovery, and slashed its estimate of job losses arising from spending cuts.