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House prices increasing faster than wages

House prices are increasing faster than wages Credit: ITV News Anglia

First time buyers in East Anglia are struggling to get on the ladder because house prices are going up faster than wages.

According to housing charity Shelter, in real terms buyers here are paying £60,000 more now for a house.

It also shows average house prices in the East are now 11 times the average wage - compared to just six times- 15 years ago.

Prime Minister will claim his economic plan 'is working in the East of England" during second visit to region

David Cameron at the Vauxhall factory in Luton on Tuesday. Credit: ITV News Anglia.

The Prime Minister will be back in the region today to set out his long-term economic plan for the East of England.

David Cameron will make a speech to business leaders in Felixstowe during his visit to Norfolk, Suffolk and Cambridgeshire.

He will claim the government's plan has worked so far in the East of England - making it the fastest growing economy outside of London.

Yesterday, the Prime Minister met automotive industry workers in Bedfordshire and Northamptonshire.

"We will keep working through our plan to secure a brighter future for hardworking people across the East of England by making the most of the region’s strengths in science, defence and energy, ensuring we have world-class infrastructure and backing business to create more jobs.”

– David Cameron.

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Are you missing out on money by not switching your energy company?

Could you save yourself up to £200 a year? Credit: PA

Millions of households across the East are missing out on saving hundreds of pounds a year by sticking with their energy company, according to new government figures.

1.25 million households across the East of England could save around £200 a year by shopping around

Now a new campaign is being launched called the"Power to Switch" campaign, which is encouraging people to do more to find the best energy deals.

You can visit www.BeAnEnergyShopper.com.

Airline back on track in time for summer schedule

Luton based airline Monarch say it's on course to return to profit this year following a rescue package of more than £100 million and hundreds of redundancies.

The carrier has reduced its fleet by eight planes to 34 and will end long-haul and charter flights this summer as it turns itself into a short-haul airline.

It was rescued last year by family investment firm Greybull Capital, who pumped £125 million into the loss-making company. The business also axed 700 jobs.

Monarch Airlines set to return to profit Credit: Press Association

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Growth Deal expansion secures £155.5m to help boost region's economy

The government has announced funding worth £155.5m for the Anglia region. Credit: Joe Giddens/PA Archive.

The government has announced an extra £155.5m in funding for the Anglia region as part of a bid to boost economic growth in the area.

The money is an expansion of the Growth Deal announced by ministers in July last year.

It will see the New Anglia Local Enterprise Partnership in Norfolk and Suffolk awarded an additional £48.5m to spend on a number of projects.

They include the creation of an Aviation Academy - the first of its kind in the UK - and new innovation centres in Ipswich and King's Lynn to support businesses to set up and grow.

In the greater Cambridge and Peterborough areas, £38m will be used to help create an Institute of Advanced Construction, a Highways and Civil Engineering Academy, and will fund the construction of the new Ely Southern Bypass, among other projects.

Hertfordshire will benefit from an extra £22.3m which will be spent on regeneration projects in Bishop's Stortford and Hatfield, and a state-of-the-art engineering design and innovation centre in Stevenage.

And in Northampton, Bedfordshire and Milton Keynes, £46.7m will be used towards projects including a new centre focused on intelligent technology at Cranfield University, and a new "creative industries hub" in Northampton.

Essex households to team up to get lower energy bills

Essex County Council wants people to sign up to its energy switch scheme. Credit: Yui Mok/PA Wire.

People in Essex are being asked to sign up for a scheme which could save them money on household bills.

The Essex Energy Switch, run by Essex County Council, opens next week.

The scheme is free and aims to get a collective lower rate from energy companies for everyone who signs up.

Energy providers are encouraged to bid against each other in an auction to offer the lowest rate for gas and electricity contracts.

The initiative is open to both homeowners and tenants as well as any small or medium-sized business in the county.

Last year, more than 4,500 residents registered for the scheme. The council believes it could save households more than £200.

Debt charity says more families are struggling to make ends meet

Families are finding it difficult to make ends meet. Credit: Gareth Fuller/PA Wire.

More and more families in our region are struggling to make ends meet, according to a national debt charity.

Step Change says more than 10,000 people in the East of England called their helpline last year - up 17% on the year before.

On average, those callers owed more than £12,000 in unsecured debt such as credit cards, personal loans and overdrafts.

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