‘A Budget for Growth’ says Osborne

The idea of a Budget for Growth earlier this afternoon was somewhat hamstrung by the Office of Budgetary Responsibility including a lower growth forecast for the UK economy.
Chancellor of the Exchequer George Osborne did little to help net revenues grow either as announcements on tax rises were about neutral with tax cuts.
The Office for Budget Responsibility has lowered the UK GDP growth forecast made in November, from 2.1% for 2011 to 1.7%. For 2012, 2012 GDP is forecast to be 2.5%; 2.9% in 2013, 2.9% in 2014 and 2.8% in 2015.
Straight after the Budget, the chief secretary to the Treasury, Danny Alexander, summed up its guiding principle as being a “focus on business growth and employment” and, with the huge public sector cuts still to be made, he added that “the private sector has to lead the recovery”.