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UK OBR raises 2016 GDP forecasts

FXStreet (Mumbai) - The UK Office for Budget Responsibility (OBR) raised its UK 2016 GDP forecast higher to 2.4% and stated the government is committed to running a surplus.

Key Quotes from Osborne

1 million extra jobs to be created over the next 5 years

Huge challenges still facing uk economy

Euro area weakness is a persistent problem

To deliver GBP 12 billion of welfare savings in full

Debt will fall and continue falling each year

Spending plan will deliver budget surplus in 2019-2020

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