View the article online at http://citywire.co.uk/wealth-manager/article/a575874
OBR to lift UK growth forecast
by Sarah Miloudi on Mar 20, 2012 at 07:32
Forecasts for the UK economy are poised to be revised up to take account of the more positive data that has emerged in recent weeks.
The Office for Budget Responsibility (OBR) is set to increase its growth forecast for Britain when chancellor George Osborne (pictured) delivers his Budget on Wednesday.
The upcoming forecasts were finalised at the beginning of this month and are expected to see the OBR raise its growth prediction from 0.7% for 2012 to 0.8%, according to the Financial Times.
Such a revision would see the OBR's outlook for the UK fall in line with estimates issued by private forecasters. The OBR is also expected to put to one side its fears about the UK facing a technical recession.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
On the road
by Robert St George on Jul 23, 2014 at 10:02