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- UK Osborne: OBR Report reminds us of risks to stability
UK Osborne: OBR Report reminds us of risks to stability
- despite ECB action, sovereign crisis has been significant
- OBR to revise down euro area growth by 0.8pp 2012
- OBR says worlsd growth revised down sharply 2012
- OBR says UK to avoid technical recessin
- OBR expects positive UK growth in Q1
- OBR raises UK 2012 GDP to 0.8% vs 0.7%
- OBR cuts UK 2013 GDP to 2.0% vs 2.1%
- OBR leaves UK 2014 GDP forecast unchanged at 2.7%
- OBR forecasts growth of 3.0% in 2015 and 2016
- CPI to fall from 2.8% this year to 1.9% next year
- BOE QE facility will remain in place for 2012
- Budget measures are fiscally neutral
- No deficit funded giveaways today
- OBR forecasts 2014-15 PSNB stg75bln vs stg79bln
- OBR forecasts 2015-16 PSNB stg52bln vs stg53bln
- OBR says on track to meet fiscal deficit target
- OBR forecasts 2012-13 PSNB Stg120bln VS Stg120bln
- OBR forecasts 2011-12 PSNB Stg126bln VS Stg127bln
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