UK borrowing forecasts increased, says Osborne
The Chancellor, George Osborne, has delivered his update on the state of the UK economy.
He said that the analysis by the Office for Budget Responsibility (OBR) of the economy showed that growth before the economic crisis had led to an unsustainable boom, and left the country with a greater proportion of deficit that will not disappear when the economy recovers.
29 Nov 2011
- From the section Business