Cautious thumbs-up for UK economy

UK - The British economy has slowed over the past 12 months, but remains among the strongest in the developed world, a report has said.

The Organisation for Economic Co-operation and Development (OECD), which groups together the world's most advanced economies, said the UK was better placed to weather the downturn than its other 29 members.

But the OECD warned that substantial external risks remained, notably the strength of the pound, which makes British exports uncompetitive on world markets

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