Budget 2015: Osborne kicks off with bullish forecast

Budget 2015: Osborne kicks off with bullish forecast

Chancellor George Osborne has claimed Britain is “growing, creating jobs and paying its way in the world” in an optimistic start to the Budget.

Mr Osborne said “more people have jobs than ever before” and that the “latest projections show liviig standards are higher than when we came into office”.

“We took the difficult decisions in the teeth of oppisition and it worked,” he said.

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“Britain is walking tall again.”

He said five years ago, the economy suffered a “collapse greater than almost any country” but now it was “fundamentally stronger” than it was five years ago.

The chancellor said the Office for Budget Responsibility had revised growth up with GDP growth in 2015 expected to be 2.5 per cent, 2.3 per cent in both 2016/17 and 2017/18 and rising to 2.4 per cent in 2019/20.

Mr Osborne added the claimant count for those unemployed was the “lowest since 1975”.

He said the unemployment level had fallen 3 percentage points since the last government and that Yorkshire had created more jobs than France.