BRITAIN’S economy will enter a recession within the coming year, the British Chambers of Commerce (BCC) predicted.
David Kern, the BCC’s economic adviser, said: “Our quarterly economic forecast highlights a significant worsening in UK economic prospects. The main drivers of the UK slowdown will be a “very sharp” deceleration in consumer spending growth as households tighten their belts amid soaring bills and falling house prices, the BCC said.

Mr Kern said the UK urgently needed an interest rate cut to stimulate the economy.

“The UK economy urgently needs an interest rate cut to counter threats of recession.”

The BCC report added: “If global circumstances worsen, if the MPC decides not to cut interest rates, and/or if the Government decides to tighten the fiscal position, UK growth prospects in 2008 and 2009 would be worse than our central scenario envisages.”

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A 20-year-old woman was hospitalised after being attacked by a female gang yesterday.

Police are appealing for witnesses following the, which took place in Victoria Street, Gloucester, at around 2am.

A police spokeswoman said the victim, from Gloucester, was walking home from a friend’s house when she was attacked.

“A large group of mostly black and Asian women forced her to the ground and assaulted her by kicking and punching her in an unprovoked attack,” she said.

“A male witness on a bicycle helped the victim get away from the group and called her a taxi.”
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Police would like to speak to this man as he may be able to help them with their enquiries.

The victim went to Gloucester Royal Hospital to receive treatment for bruising to her eyes and left arm.

Officers are appealing for anyone who witnessed the assault or who has information about the incident to contact police on 0845 090 1234, quoting incident 45 of August 11, or Crimestoppers anonymously on 0800 555 111.

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