Labour's growth forecast downgraded to 2.6% for 2011 as Clegg warns of decades of debt unless spending is cut

Daily Mail
"Labour's rose-tinted economic growth forecasts were today drastically downgraded in a move that revealed the true scale of Britain's debt woes.The new Office for Budget Responsibility predicted the economy will grow by 2.6 per cent next year, significantly below the 3.25 per cent figure put forward by former chancellor Alistair Darling.Although less than the one percentage point reduction some experts had feared, the downgrade will still add billions to the shortfall in public finances and make the battle to sort out the nation's debts even tougher."