The state of the economy
- Growth forecast for 2017 downgraded from 2% to 1.5%
- GDP downgraded to 1.4%, 1.3% and 1.5% in subsequent years before rising to 1.6% in 2021-22
- Productivity growth and business investment also revised down.
Business
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State of the economy
- The UK growth rate has been revised down from 2.4% to 2.2% in 2015/16, 2.0% in 2016/17 and 2.2% in 2017/18, followed by 2.1% up to 2020.
- Unemployment is at its lowest level since 1974, with Continue reading →
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