Economic outlook is positive, says OBR
In today's Budget, Chancellor George Osborne confirmed that OBR figures for growth for this year have been revised up to 2.5%.
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Despite being revised to 2.4% in the Autumn Statement, the OBR have now increased their predictions for this year's GDP growth.
UK's economic growth for last year has also been revised up to 2.6%.
This number made Britain the fastest-growing economy in the world last year, which Osborne described as Britain 'walking tall again'.
The Chancellor said:
"Five years ago the deficit was out of control. Today as a share of national income it is down by half. Do we return to the chaos of the path or do we work through the plan that is working?
"No short term giveaway can match the benefits of a long term economic recovery. We choose economic security. This Budget commits us to decision to eliminate the deficit."
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