Osborne: Britain out of 'danger zone'

clock •

Chancellor George Osborne said "Britain is on the mend" and its recovery "on track" as he set out a new blueprint for growth following the OBR's growth projections.

Speaking in the House of Commons after the OBR upped GDP growth for 2010 to 1.8%, Osborne said the country was "out of the danger-zone" and set on a path of sustainable growth. "When we came into office Britain was in the financial danger zone," he told MPs. "Our economy was unstable, our public finances out of control, our country on the international watch-list to avoid. "Now the independent Office for Budget Responsibility have confirmed the British recovery is on track, our public finances are under control, a million jobs are set to be created, and our economy is rebalancing." ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Fahad Hassan: When good news becomes an inflation problem

Fahad Hassan: When good news becomes an inflation problem

'Markets have been adjusting to the risks through valuations all year'

Fahad Hassan
clock 29 September 2026 • 6 min read
Healey promises 'new age of industrialisation' ahead of Budget

Healey promises 'new age of industrialisation' ahead of Budget

Keeps quiet on personal taxation, pensions or savings at Labour’s conference

Isabel Baxter
clock 28 September 2026 • 2 min read
MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

Treasury Committee report

clock 23 September 2026 • 2 min read