The British Chambers of Commerce called on Chancellor of the Exchequer George Osborne to take more action to stimulate investment as the BCC notched down its forecast for 2013 growth to 1% from 1.2%. "We have always been behind the chancellor's aim of reducing the deficit, but this has to be supported with the right conditions that allow businesses to thrive, or we will fail to see the growth the economy so desperately needs," said BCC Director General John Longworth. The BCC report came a day ahead of a meeting of the Bank of England's Monetary Policy Committee.