Budget 2013: Osborne slashes growth forecast

Press Association
Updated




Budget 2013: What it means for you

The Chancellor has slashed the official growth forecast in half as he admitted the recovery was taking "longer than anyone hoped".


George Osborne said the economy would grow by just 0.6% this year - down from the previous forecast of 1.2% - and would be slower than forecast next year at 1.8% compared to the 2% forecast at the time of the Autumn Statement.%VIRTUAL-SkimlinksPromo%

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