Office for Budget Responsibility

The cost of looking after the country's ageing population will become unsustainable unless younger generations work longer and pay higher taxes, analysis by PricewaterhouseCoopers (PwC) has found.

Britain's economic growth will fall significantly short of official forecasts as government cuts take their toll, according to a leading think-tank.

Fund managers believe the revised growth forecast for the UK, revealed in today's Budget, is still too optimistic and may not be an achievable target.

The Office for Budget Responsibility (OBR) said today the UK's economic recovery will lag previous recoveries in the 1980s and 1990s.

The independent Office for Budget Responsibility (OBR) has raised its estimate for economic growth this year to 1.8% from 1.2%.