Economics
U.K. 2016 Economic Growth Forecast Raised to 2.4%, Osborne Says
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Chancellor of the Exchequer George Osborne said the U.K. economy will grow by 2.4 percent this year and in 2016 as he set out his spending priorities for the next five years.
The forecasts, by the Office for Budget Responsibility, compare to July growth predictions of 2.4 percent this year and 2.3 percent in 2016. Osborne said they reflect the wisdom of his policy to cut government spending since coming to office in 2010.