The Organisation for Economic Co-operation and Development has slashed its forecast for UK growth more than for any other major country in its latest economic forecasts. The Paris-based organisation reduced its 2012 growth forecast for Britain by more than an entire percentage point, cutting it from the 0.5% growth it predicted in May to -0.7% - a major contraction.Bring out George Osborne for another round of booing.
Another rousing success!
Austerity works its magic again: