UK growth will disappoint, warns Neil Woodford

Britain is in for a difficult few years, says investment guru Neil Woodford. Growth will be much lower than expected, and getting the deficit down will be a struggle.

Fund manager Neil Woodford says that Britain is in for a difficult few years. Woodford, whose success at Invesco Perpetual during the last 20 years has made him one of the UK's most famous fund managers, thinks that Britain's growth will be lower than the government expects.

And while he hails the chancellor's "politically brave" spending cuts program, he believes that slow growth means the "deficit will come down more slowly".

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.