The Chancellor, George Osborne, will get up at the house of parliament on Tuesday 29 at 12.30pm facing and calls for dramatic interventions and tax changes to kickstart the flagging UK economy.
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Alongside the chancellor’s statement, the Office for Budget Responsibility (OBR) will publish its latest Economic and Fiscal Outlook. The Bank of England cut its 2011 growth forecast to 1% earlier this month, when Sir Mervyn King warned the outlook for world growth has worsened, so the OBR forecasts are unlikely to be positive, adding to the pressure on Osborne to pull something out to stimulate growth.
During the past few weeks groups ranging from the ICAEW to business lobbyists and special interest groups have all been offering the...