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MAR 20, 2013 - The Guardian

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Budget 2013: Osborne downgrades UK growth forecasts

• 2013 growth forecast cut to 0.6%• Plans to boost housing market with interest-free loans• Bank of England given new growth remit• Pledges to cut corporation tax• Budget 'for those who aspire'The economy will grow half as fast this year as forecast only three months ago, the chancellor admitted in a budget speech that he described as a plan for Britons who "aspire to work and get on".George Osborne announced plans to boost the housing market by providing interest-free loans to would-be home owners buying new properties and offering guarantees to lenders to get £130bn of mortgages.In what ... Read More

Tags: Budget 2013: Osborne downgrades UK growth forecasts,  Economy Latest News