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The city is now digesting the predictions of the OBR.?Photo: REX FEATURES

David Kern, the Chamber of Commerce Chief Economist: "if new OBR forecasts are more realistic than the previous official forecasts by Treasury Board, we believe it is still too optimistic."

"Adjusting the 2010 forecast growth of 1. 2pc 1. 8pc is more representative of the UK economy even if it is a historical figure much."For 2011, growth forecasts appear too ambitious, but we agree with the broad underlying assumption that will gradually improve prospects in the medium term from Britain over time.

"We share the OBR that labour market flexibility will prevent a significant worsening of the situation assessment; however we believe that the forecast for unemployment is too positive."

"Overall, forecasts OBR strengthen our confidence that private Britain will be able to hard drive in the deficit-cutting program recovery."We cannot be complacent that there are a further future risks, especially in the first part of 2011.

Graeme Leach, Institute of administration Chief Economist: "2011 the OBR GDP growth should still looks like a little optimistic even after the rétrogradation.Nous face winds very strong next year."

Actual fact in high wage squeeze and the savings ratio is already very low.Throw in problems in the financial system and anemic growth of money supply and our judgment is that the economy will be weaker than expected.

"The story really interesting of the OBR is slashing public 490-330 000 job losses hit."This means that the planned public sector job losses are half those observed in the 1990s.

"Reducing the peak-to-trough in public spending in the years 90 has been 7 4pc PIB.La comparable reduction now is 7 9pc GDP by 2015 16.La spending is on an equal footing with the 1990s, but the shake-out jobs is much less."This is incomprehensible when allow us a burden more cuts falling on the welfare of spending this time.?

Howard Archer, an economist at IHS Global Insight: "new economic forecast published by the OBR does not fundamentally change the Outlook for the economy and public finances, to the point does not present significant change by the Government budgetary position."

"It is essentially a matter of tweaking rather than change history .Comme these forecasts will provide the backdrop when George Osborne presents its budget next March, nothing to really has changed to said chancelier.Cela March still looks way more far in economic terms, especially given everything what happens in the euro area."

Glenn Uniacke, senior currency broker Moneycorp dealer: "while the Bureau responsible for budget confirmed reductions in spending will slow down the economy in 2011, the pound sterling should be strong enough to mount any incoming problems."

"The government deficit reduction plan must ensure that we are protected by an Irish or crisis Greek style in 2011 and we should see provisional sterling growth in the new year."

Stephen Robertson, Director General of the British Retail Consortium: "strong growth is a good thing, but the Chancellor should remain prudent.Détail low figures show how uncertain growth is, even in a production already new jobs."

"Real retail sales were down year each month since juin.La consumer confidence continues to fall. people's concerns about employment prospects and personal finances are échauffent.Les cuts very necessary public as well as the increase in VAT in January still have hit."

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