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%.
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