Budget 2014: The Budget at a glance

HERE is a brief summary of what has been outlined by Chancellor George Osborne.

Economy

The Office for Budget Responsibility has revised upwards the 2014 growth forecast to 2.7% (from 1.8%).

Growth is then predicted to be 2.3% in 2015/16; 2.6% in 2016/17 and 2.5% in 2017/18.

The UK economy is growing faster than Germany, Japan and the US.

The deficit will be 6.6% this year (2013/14) then 5.5% in 2014/15; 4.2% in 2015/16; 2.4% on 2016/17; 0.8% in 2017/18 and then a surfeit in 2018/19 of 0.2%.

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