CBI Sees U.K. Growth at 1.3 Percent This Year

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Aug. 1 (Bloomberg) -- Confederation of British Industry Director-General John Cridland talks about the outlook for U.K. economic growth. The British economy will grow less this year than previously forecast, pushing the Bank of England to keep its main interest rate at a record low until the first quarter of 2012, the CBI said in its quarterly forecast today. He speaks with Bloomberg's Scott Hamilton in London. (Source: Bloomberg)


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