Growth Revised down for 2015 to 2.4% from 2.5%. Forecast to grow 2.3% next year – the same as the last budget – and then grow the year after that. Rowena Mason, political correspondent: Osborne gets this little bit of negative economic news out of the way early in his speech, moving on swiftly to boasts about higher tax receipts and creation of more jobs. Debt As a proportion of GDP, 80.3% this year, 79.1% the following year to reach 68.5% in 2020/21. RM: The chancellor is repeatedly trying to emphasise that his cuts will not be deeper or more severe than in the last parliament, attempting to cast them as moderate in ... (full story)