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19 Mar 2014
Osborne's budget speech: Escalation of situation in Ukraine could hurt growth
FXStreet (Łódź) - UK Chancellor George Osborne opens his budget speech in the House of Commons with the statement that the UK economy is continuing to recover faster than expected.
• The budget he is about to present is for “building a resilient economy.”
• “Deficit remains too high.”
• The measures presented today are aimed at helping exporters, supporting manufacturing, as well as childcare.
• Office for Budget Responsibility growth forecasts: for 2014, 2.7% up from the previous 2.4%; for 2015 2.3% vs 2.2%; and for 2016 and 2017 2.6%.
• If situation in Ukraine escalated, it could hurt growth.
• The budget he is about to present is for “building a resilient economy.”
• “Deficit remains too high.”
• The measures presented today are aimed at helping exporters, supporting manufacturing, as well as childcare.
• Office for Budget Responsibility growth forecasts: for 2014, 2.7% up from the previous 2.4%; for 2015 2.3% vs 2.2%; and for 2016 and 2017 2.6%.
• If situation in Ukraine escalated, it could hurt growth.