UK

Live: UK budget announced amid low growth and high national debt

Chancellor Jeremy Hunt says Britain has the turned the corner on inflation

Jeremy Hunt, the British chancellor, announcing his budget. Picture: PA

UK chancellor Jeremy Hunt has said inflation is forecast to fall below the 2 per cent target in a few months’ time.

Announcing his budget, Hunt said the British economy is expected to grow 0.8 per cent this year and 1.9 per cent next year, 0.5 per cent higher than the autumn forecast by the Office for Budget Reponsibility.

He said: “After that growth rises to 2 per cent, 1.8 per cent, and 1.7 per ...