George Osborne welcomes IMF upgrade of UK growth forecast
21 January 2014 Last updated at 18:18 GMT
The International Monetary Fund (IMF) has sharply increased its growth forecast for the UK economy.
It now expects the economy to grow 2.4% this year - faster than any other major European economy - against its previous forecast of 1.9%. In 2015, it expects growth of 2.2%.
Chancellor George Osborne welcomed the IMF's assessment.