Britain faces bleak two years after feeble economic growth

Britain faces a bleak time for the next two years as a result of feeble economic growth, one of the Bank of England’s most senior officials warned on Friday night.

Spencer Dale, the Bank’s chief economist, said households would need to consume less and he indicated that interest rates would rise this year.

He said he was worried about the persistently high levels of inflation and the weakness of the economic recovery. Mr Dale said that there were “relatively hard times ahead”.

-->Article in Telegraph