British Chambers of Commerce reduced UK expansion forecast

Source: BBC
The British Chambers of Commerce cut UK growth forecast for 2012 to 0.1% from 0.6% while next year's expansion forecast was upgraded to 1.9% from 1.8%. The decision came after indications that the UK fell into recession again. The country has to create business bank to increase accessibility of capital for small firms as well as increase infrastructure spending to boost growth, said John Longworth, general director of British Chambers of Commerce.

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