View more on these topics

OBR expected to announce stronger than predicted growth

The Office of Budget Responsibility is expected to announce the UK is experiencing stronger economic growth than previously predicted.

It will release its latest forecast today and is likely to increase its growth estimate for the whole year from 1.2 per cent, which it predicted in June, to 1.7 per cent.

Last month, OBR estimates suggested the economy grew 0.8 per cent between July and September.

The OBR was set up by the coalition Government to make an independent assessment of the public finances ahead of each Budget.

Chancellor George Osborne (pictured) will today deliver his autumn statement in which he will update MPs on the state of the economy. The statement replaces the pre-Budget report and will be a response to the OBR’s updated growth forecasts.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com