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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Breezy with bright skies limited by cloud
Kevin Davis, 53, ran a medical company and helped to treat a 15-year-old who had taken a drugs overdose despite not having qualifications.
CCTV shows the 19-year-old victim being struck by a car and thrown metres into the air, before he lands on the pavement and slides along it.