British agency raises economic growth forecasts for 2014, 2015

December 4, 2014 1:29 AM

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LONDON, Dec. 3 (Xinhua) -- The Office for Budget Responsibility (OBR), an independent fiscal watchdog, Wednesday revised up its economic growth forecasts of Britain for this year and 2015.

Citing OBR data during his autumn statement at the House of Commons, Chancellor of the Exchequer George Osborne announced that British economic growth would be 3.0 percent in 2014 and 2.4 percent in 2015, which is 0.3 percent and 0.1 percent higher than OBR's forecasts in March.

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