Largest upwards revision to UK growth forecasts for 14 years

As expected the Office for Budget Responsibility (OBR) has revised up its growth estimates.

The 2013 GDP growth forecast has been revised up from 0.6 per cent to 1.4 per cent.
The 2014 GDP growth forecast has been revised up from 1.8 per cent to 2.4 per cent.

Chancellor George Osborne says these are the highest upward revisions announced in any Budget or Autumn Statement of the last 14 years.

But markets don't seem to care. The pound is quiet, as are bond yields.