GDP growth welcomed

Business leaders across the East of England say they are feeling increasingly positive as the latest GDP figures show the country's economy is continuing to grow.

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Economy continues to grow in the East

New figures show the economy has continued to grow for the third consecutive quarter.

Between July and September, the country's GDP - or gross domestic profit, which measures the value of UK-based businesses - increased by 0.8pc.

Today the government said that growth was being reflected in the East of England.

Outside of London and the South East, this region has the largest number of private-sector businesses in England.

There were 47,5000 new start-up businesses created in the East in 2012 while exports from the region have also increased.

There are also 17pc more first time buyers getting mortgages compared with 2010.

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