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19 Mar 2014
Osborne's budget speech: Budget deficit expected at 6.6% this year
FXStreet (Łódź) - Chancellor Osborne assures that 1.5 million jobs will be created over the next five years.
• “UK is achieving the largest reduction of the deficit of any advanced economy.”
• Budget deficit will be reduced by half in 2014.
• OBR deficit forecasts: 2013-14: 6.6% of GDP, 2014-15: 5.5% of GDP, 2015-16: 4.2% of GDP, 2016-2017: 2.7% of GDP. All down from the autumn forecasts.
• 5 billion pound budget surplus expected in 2018-19.
• Chancellor Osborne says that he asked the Bank of England to be “particularly vigilant” on signs of bubbles forming in the housing market.
• “UK is achieving the largest reduction of the deficit of any advanced economy.”
• Budget deficit will be reduced by half in 2014.
• OBR deficit forecasts: 2013-14: 6.6% of GDP, 2014-15: 5.5% of GDP, 2015-16: 4.2% of GDP, 2016-2017: 2.7% of GDP. All down from the autumn forecasts.
• 5 billion pound budget surplus expected in 2018-19.
• Chancellor Osborne says that he asked the Bank of England to be “particularly vigilant” on signs of bubbles forming in the housing market.