BusinessCompany NewsPBR03: Growth expectations met

PBR03: Growth expectations met

Chancellor Gordon Brown says the British economy has grown by 2.1% this year, meeting the Budget forecast.

This easily beat 0.2% growth in France and no growth in Germany, and it was also stronger than the eurozone area, US and Japan.

‘This is the longest period of post-war growth since records were taken,’ Brown said.

He added that growth was expected to be between 3% to 3.5% for the next two years.

Inflation was put at 2.3% since 1997.

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