BoE urged to act to avoid downturn

Prospects for the UK economy have worsened and the Bank of England must act swiftly if the country is to avoid a marked downturn, the British Chambers of Commerce (BCC) has warned.

The economic downturn will be more prolonged than first thought and businesses face a "difficult and risky climate" over the next year as the credit crunch continues to take its toll, said the BCC.

Its quarterly economic forecast urged the Bank and Government to be more proactive in taking measures to shore-up the UK's flagging economy.

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