The Bank of England Governor says that despite a resilient labour market, the economy has barely grown over the past two years.
Sir Mervyn King said: "The unexpected weakness reflects the impact of the euro area crisis and its effect on confidence and bank funding costs - and the sharp squeeze on real incomes from higher-than-expected world energy and food prices."
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Shadow Chancellor John McDonnell will say Britain is in the grip of a "debt crisis" as he promises reforms to help people pay back loans.
The 58-year-old man was stabbed in the neck as he approached the Altrincham Islamic Centre in Manchester.
The body is set to allow national team players to wear the poppies on the pitch as it backs down in a row over the memorials.