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The U.K. Chancellor George Osborne said in his Autumn Statement on Wednesday that the gross domestic product (GDP) forecast was raised to 3% in 2014 from 2.7% in March. The U.K. economy is expected to grow at 2.4% in 2015, so Osborne.
Unemployment in the U.K. is expected to fall to 5.4% in 2015, according Autumn Statement.
Inflation is expected to 1.5% in 2014 and 1.2% in 2015.
The Autumn Statement is a report containing future tax and spending plans, and the state of the UK's finances.
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