PBR: Darling says economy will boom again in 2011

Announcing his Pre-Budget Report today, Alistair Darling pledged to continue supporting the economy to promote economic growth. Darling stood by his prediction in April, saying the UK's GDP will grow by between 1% and 1.5% in 2010, rising to 3.5% in 2011 and 2012. He says the UK economy will have shrunk by around 4.75% this year, though the Treasury expects the economy to begin expanding again in the fourth quarter. In the future, Darling says the financial services sector will not be as important to the UK economy in the future, though he says it will still have a major role to pl...