British Treasury chief Alistair Darling has downgraded his forecast for the economy this year, saying it will shrink by 4.75 percent. That is significantly worse that the 3.5 percent contraction Darling predicted in April. But he has kept his forecast of 1-…

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Alistair Darling – HM Treasury – Business – Government – Gordon Brown

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UK lowers forecast for 2009 GDP