By David Milliken and William Schomberg LONDON (Reuters) - Britain's economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May's election. While most countries have not yet reported 2014 growth data, Britain's is ahead of International Monetary Fund estimates for other big developed nations, a fillip for British Prime Minister David Cameron who faces a national election on May 7. "The recovery is on track and our plan is protecting Britain from the economic storm -- now is not the time to abandon that plan and return Britain to economic chaos," Chancellor George Osborne said after the data.
By Michael Gold and Yimou Lee SHENZHEN, China (Reuters) - Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc supplier faces declining revenue growth and rising wages in China. Under its flagship unit Hon Hai Precision Industry Co Ltd , the group currently employs about 1.3 million people during peak production times, making it one of the largest private employers in the world. Revenue growth at the conglomerate tumbled to 1.3 percent in 2013 and only partially recovered to 6.5 percent last year after a long string of double-digit increases from 2003 to 2012.