Budget 2014: OBR revises up growth
OBR makes biggest revision of growth in 30 years
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.