That stock News

Before spending review, the OBR predicted 490 000 workers in the public sector will lose their jobs.

Figures the agency responsible for budget, the Treasury Board's official forecaster, show that the number of staff with an axe in the next four years is 330,000.

Before spending review, which moved the austerity drive load ￡ 81bn welfare budget the OBR had predicted that 490 000 workers in the public sector will lose their jobs.

Retail was published in the revised Outlook for the OBR, who also painted a picture a little far for the economy that prévu.La growth is now should be 1. 8pc this year, compared to the 1. 2pc earlier forecast.

Although the 2 1pc next year's growth is less than 2 3pc June prediction, the overall size of the economy will be greater than the initial estimate of 0 4pc.

New series 2015 forecast shows that the economy is still stronger than thought.

Better than expected growth will allow to depreciate the cost of borrowing and debt levels.By 2015, the fastest growing and sustainable fiscal prospects for the United Kingdom mean annual interest payments will be billion pounds less previously thought.

Improved image means that George Osborne is more likely to meet its budgetary targets self-imposed to eliminate the structural deficit of ￡ 109bn and have a debt as a percentage of GDP falling by 2015/16.Comme before, it is supposed to achieves its objectives, a year earlier.

The OBR, led by Robert Chote, the former Institute for Fiscal Studies, Director, raised concerns about the Irish situation which he was took no account in the forecast and could have a significant impact.

The OBR has also revised down its Outlook for the real estate prices provide an 7pc 2 decrease the next year and below inflation growth in 2012.

Overall employment increase as expected by the year 2015, 30.1 m 1.1 m growth as private sector creates jobs from 1.5 m to compensate for the lost 330,000 public.ch?mage sector will hit its peak with 8 1pc next year.

View the original article here