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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In Berwick-upon-Tweed - the town at the northern-most tip of England - history has taught them that no border necessarily lasts forever.
His car was about to get towed away. But he had other ideas.
Our experts take a look at the key issues that would face Scotland and the rest of the UK if Scots vote for independence.