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.
More top news
Luton could launch a bid to become the UK's 'City of Culture' if councillors decide to give the plans the go ahead.
Tributes have poured in for a couple found dead in their home in Stowmarket in Suffolk.
One of those receiving a share of the funding is the Norfolk Urban Peregrine Project at Norwich Cathedral.