Wednesday's Autumn Statement will be the main media event of next week. Chancellor George Osborne is likely to have to announce lower GDP growth forecasts for this year and next - the Budget predicted 0.8 per cent for 2012 and 2 per cent for 2013 - and higher borrowing as a result, although the agreement not to pay interest on the Bank of England's gilt holdings will mitigate the upward revision to borrowing.
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