UK fin min Hammond now up and delivering his latest Budget report 13 March

  • rejects doom and gloom assessments from opposition Labour party

Lots of the usual peacock-suiting at the moment

Now we get the latest OBR forecasts:

  • 2018 GDP 1.5% Vs 1.4%
  • 2019 GDP 1.3% Vs 1.3%
  • 2020 GDP 1.3% Vs 1.3%
  • 2021 GDP 1.4% Vs 1.5%
  • 2022 GDP 1.5% Vs 1.6%
  • OBR sees continued job growth in coming years
  • Budget Deficit seen at GBP 45.2 bln In 2017-2018
  • UK expected to meet structural deficit target in 2021 with GBP15 bln room
  • Deficit to be GBP10 Bln lower in 2018 compared with 2010
  • light now out at the end of the tunnel

Watch it live here

GBPUSD higher but not on this.. Reports breaking that US sec of state Tillerson has been sacked

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