Economic growth in Britain has slowed to its weakest in three years, official data showed today, as last year's interest rate increases and the credit crunch take their toll. The Office for National Statistics said the economy grew 0.4% in the first three months of the year, down from 0.6% in the final quarter of 2007.
http://www.guardian.co.uk/business/2008/apr/25/gdp.growthhttp://news.bbc.co.uk/1/hi/business/7366534.stm
What will be the effects of slower growth? Is this news likely to affect the interest rate decision of the Monetary Policy Committee(MPC) when it next meets?
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