In his final forecast as Bank of England governor, Sir Mervyn King gave what he said was his most positive assessment of the economy since the beginning of the most recent economic crisis.
Sir Mervyn predicted growth will be a "little stronger" than previously hoped, setting the UK on course for a "modest and sustained" recovery.
But he warned it will be a "weak and uneven" recovery.
The outgoing Governor of the Bank of England today delivered some good news for "the first time since the financial crisis began" in 2007.
The Squeeze could be the title of a horror B-movie but it describes a nasty phenomenon affecting every purse or wallet in the country.