IN THE CHANCELLOR’S fifth budget the Office of Budget Responsibility has revised growth up by three times previous predictions.
George Osborne said that growth for 2014 would be 2.7%, in 2015 2.3%, 2.6% for 2016/17 and 2.5% for 2018.
The chancellor said this is a £16bn increase to the forecast from 4 months ago and the biggest revision of growth between budgets in the last 30 years.
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