Thousands of new jobs are being promised as key cities in the region are offered sweeping new powers to boost growth. Historically central government has jealously guarded its own spending powers.
Now though, the new City Deals initiative aims to change that by passing budgetary decisions to local authorities including here in the East.
Cambridge, Milton Keynes, Ipswich, Norwich and Southend are all on the list of 20 cities nationwide.
More top news
There'll be some dense patches of mist and fog about first thing this morning but it will clear later. Then, a cloudy but mostly dry day.
It will be a bright start in places but the cloud will thicken from the north during the afternoon and there'll be a few spots of rain.
Students at the University of Cambridge have raised money for charity by producing their own naked calendar.