FXStreet (Mumbai) – The UK Office for Budget Responsibility (OBR) raised its UK 2016 GDP forecast higher to 2.4% and stated the government is committed to running a surplus.
Key Quotes from Osborne
1 million extra jobs to be created over the next 5 years
Huge challenges still facing uk economy
Euro area weakness is a persistent problem
To deliver GBP 12 billion of welfare savings in full
Debt will fall and continue falling each year
Spending plan will deliver budget surplus in 2019-2020
(Market News Provided by FXstreet)