By Marcus Leach
UK growth is continuing to deteriorate as figures from the Organisation for Economic Co-Operation and Development (OECD) showed a drop for the six consecutive month.
The data released by the OECD pointed to a 'slowdown' in the economy, estimating UK GDP growth at 1.1%, improving to 1.8% in 2012.
On Wednesday the Bank of England are expected to cut the UK growth forecast, and with the FTSE 100 dropping to its lowest level for over a year[/u] the outlook for the UK is pretty grim.
"The economy looks set to continue to struggle as the fiscal squeeze increasingly impacts and consumers limit their spending in the face of serious headwinds," the OECD report said.
"Slowing global growth and current elevated financial market turmoil threaten to weigh down on UK exports as well as business and consumer confidence."
Join us on