The Bank of England is expected to forecast zero growth in its quarterly inflation report on Wednesday as the double-dip recession deepens and the eurozone crisis continues. The bank's governor, Sir Mervyn King, is expected to indicate no growth for 2012, compared with 0.8% predicted three months ago and 2% a year ago. The chancellor, George Osborne, will come under pressure as a result to soften austerity measures and move to boost growth in the economy. The IMF last month said the government should ease its fiscal consolidation, which includes spending cuts and tax reforms, if the recovery continued to stall. As ... (full story)