UK Finance Minister Osborne: Economy is recovering, although it will take time

Market news

5 December 2012

UK Finance Minister Osborne: Economy is recovering, although it will take time

Britain faces deep problems within the country and abroad

Turning back now would be a disaster

Economy will shrink by 0.1% in 2012, the March forecast assumes growth of 0.8%

Economy will grow by 1.2% in 2013, the March of the Office of Budget Responsibility forecast / OBR / anticipated growth of 2.0%

Economy will grow by 2.0% in 2014, the March forecast OBR anticipated an increase of 2.7%

Economy will grow by 2.3% in 2015, the March forecast OBR anticipated growth of 3.0%

OBR expects peak unemployment rate at 8.3% versus 8.7% previously

UK OSBORNE: No net rises in taxes in autumn statement

EUR / USD down on sales of Asian investors and the UK clearer

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