Autumn Statement: UK’s economy is expected to grow 3% in 2014

Market news

3 December 2014

Autumn Statement: UK’s economy is expected to grow 3% in 2014

The U.K. Chancellor George Osborne said in his Autumn Statement on Wednesday that the gross domestic product (GDP) forecast was raised to 3% in 2014 from 2.7% in March. The U.K. economy is expected to grow at 2.4% in 2015, so Osborne.

Unemployment in the U.K. is expected to fall to 5.4% in 2015, according Autumn Statement.

Inflation is expected to 1.5% in 2014 and 1.2% in 2015.

The Autumn Statement is a report containing future tax and spending plans, and the state of the UK's finances.

U.S.: ISM Non-Manufacturing, November 59.3 (forecast 57.1)

U.S.: Services PMI, November 56.2 (forecast 56.3)

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