Budget 2016: Chancellor warns of 'dangerous cocktail of risk' as UK growth revised down

OBR forecasts 2% growth in 2016

Daniel Flynn
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Photo: Andrew Matthews/PA Wire/Press Association Images
Image:

Photo: Andrew Matthews/PA Wire/Press Association Images

The UK's GDP growth target for 2016 has been revised down to 2% by the Office for Budget Responsibility (OBR) in today's Budget, from its November target of 2.4%.

Chancellor George Osborne said growth has been revised down due to a "materially weaker" outlook for the country as uncertainty approaches in the months preceding June's EU referendum, adding he has chosen...

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