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.