Osborne Must Boost Business Aid as Recovery Weakens, BCC Says
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The U.K. government should bolster aid to companies to help them weather headwinds from Europe’s debt crisis, the British Chambers of Commerce said as it cut its forecast for the economy.
The London-based business lobby lowered its 2012 growth projection to 0.6 percent from 0.8 percent in December, it said in a report today. It pushed out its forecast for the first Bank of England interest-rate increase to the end of 2013 from the first quarter of that year.