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Evening Standard
Evening Standard
Business
Jonathan Prynn

Bank of England warns economy will stagnate after Budget

Interest Rates Inflation MPC Bank of England
Growth forecast in fourth quarter is downgraded to zero - (AP)

The Bank of England has slashed its forecast for growth at the end of the year warning that GDP will stagnate following the Budget.

The Bank’s Monetary Policy Committee (MPC) reduced its projection for growth in the fourth quarter of the year to 0.3% to 0.0%.

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