Budget 2017: At a glance

The state of the economy

The Office for Budget Responsibility (OBR) has raised its economic growth forecasts for this year, expecting the UK economy to grow 2% rather than 1.4%.

In 2018 growth is forecast to slow to 1.6%, then in subsequent years 1.7%, 1.9%, and back to 2% in 2021.  

Inflation is forecast to hit 2.4% this year, falling to 2.3% in 2018 and 2% in 2019.

Unemployment at 11 year low.
 
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