Budget 2012: OBR predicts higher growth for UK economy

THE Office for Budget Responsibility delivered some welcome news to coincide with the Chancellor’s Budget when it said it was revising up its forecast for UK growth.

The independent body said that despite the crisis in the eurozone it was predicting growth of 0.8% this year – 0.1% above previous forecasts.

The forecast for 2013 is 2%, rising to 2.7% in 2014 and in each of the years after that until the end of the Parliament by 3%.

Martin Portnoy, tax partner at Ernst & Young in Manchester, said:  "The... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...