Osborne urged to do more to aid UK economy

Britain’s recovery will be slower than previously forecast and the economy needs more support from the government through a program of business investment, according to the British Chambers of Commerce.

The BCC cut its 2013 growth forecast to 1 per cent from 1.2 per cent in September and its 2014 projection to 1.8 per cent from 2.2 per cent, the London-based group said in a report today, citing a weaker global backdrop and the likelihood of further fiscal tightening by the government. The economy will shrink 0.1 per cent this year, less than previously forecast.

via Business feed http://www.scmp.com/business/economy/article/1097242/osborne-urged-do-more-aid-uk-economy