Spring Budget: OBR upgrades its forecast for 2017
Speaking in today’s Spring Budget, Chancellor Philip Hammond announced that the OBR has upgraded its forecast for this year, from 1.4% to 2%, reflecting the recent strength in the economy.
He went on to say that growth would slow in coming years – to 1.6% in 2018, but picking back up to 2% in 2021.
Hammond called the UK’s economy one which: “continues to confound the commentators with robust growth, record employment, a deficit down by over two thirds.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
The Mortgage Works launches sub-3% buy-to-let rates
Tax
HMRC rule change set to impact millions of landlords and sole traders
HSBC
HSBC launches over two dozen sub-4% mortgage rates
April Mortgages
April Mortgages launches 7x loan-to-income lending
Pension
Government announces plans to consolidate small pension pots
Halifax
Halifax launches sub-4% two-year fix in latest round of cuts
