George Osborne Unveils Upbeat Economic Forecasts in U.K. Budget

March 18, 2015 4:48 PM

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George Osborne Unveils Upbeat Economic Forecasts in U.K. Budget

LONDON—U.K. Treasury chief George Osborne unveiled forecasts Wednesday showing Britain’s public finances are in slightly better shape than previously thought, as he presented his final budget before elections in May.

Fresh forecasts from the Office for Budget Responsibility, the U.K.’s fiscal watchdog, showed the nation’s budget deficit will be smaller in the year to March than officials had predicted in December and that future borrowing will also be lower thanks to rising tax receipts and more restrained gover...

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