BusinessCompany NewsBudget 2003: Housing, manufacturing to grow

Budget 2003: Housing, manufacturing to grow

The chancellor of the exchequer has declared he expects the economy to continue growing this year.

Link: Budget special

In his Budget speech today, Gordon brown said business investment is expected to grow, as well as manufacturing investment and output. He said the housing market domestically was expected to increase by 3%.

‘We expect British growth overall to rise by 3.5%,’ he said, adding that private consumption was also expected to grow this year, as the typical British household saw a growth in income of 3.5% last year.

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