The Office for Budget Responsibility (OBR) has revised up its expectations for growth – to 2.7% in 2014 and 2.3% in 2015. A record number of people are in work and the OBR now expects employment to reach 31.4 million by 2018. A deficit that reached 11% of GDP in 2009-10 is now forecast to fall by half to 5.5% in the coming year and will be eradicated by 2018-19.
19 March 2014 Budget 2014
