Weak British economic growth wasn’t enough to offset short-term pipeline issues in North America or OPEC rumors that lifted oil prices higher on Wednesday. The British Office for Budget Responsibility said the economy slowed this year as higher inflation put a lid on personal incomes and spending. As a result, and in combination with headwinds from the British exit from the European Union, the budget office said it lowered its forecast for gross domestic product for the foreseeable future. “We now expect growth to average 1.4 per cent a year over the next five years, slowing a little over the next two [years],” its report read. The low growth forecast coincided with U.S. reports of slow momentum in hiring. The U.S. Labor […]