The Bank of England has cut its 2015 growth forecast from 2.9% to 2.5%, in figures published in its quarterly inflation report.
The lower than expected growth of 0.3% in the first quarter of 2015 is a blow to Conservative claims that their policies have stewarded the economy into a recovery.
The rate of economic growth continues to slow in the UK, official figures from the the Office of National Statistics (ONS) shows.
The International Monetary Fund (IMF) has downgraded it global economic growth forecast for the next two years.
The UK economy grew by 1.9% in 2013, the fastest growth rate since 2007, according to the latest figures from the Office of National Statistics (ONS).