The Government has reported a fall in unemployment, a rise in house prices and a stabling inflation rate.
All these figures suggests that the UK is now out of a recession and the economy is growing again.
This should mean that we become wealthier. But do people have more money in their wallet?
We headed into Lynn to ask shoppers, are you any richer than before?
Peter Thornton, 67, of Wimbotsham said: “I don’t feel any richer at all. When I was working as a carpenter the recession hit and work dried up totally.
“It does seem as if the work is slowly picking up again though now. The Government haven’t had much to do with it, it’s just natural for the economy to get better at some point.”
Carl Harris, 24, of Lynn said: “I’m no richer than before. Although saying that the recession hasn’t really affected me either. House prices aren’t too bad at the moment but it’s still so hard to get a mortgage because the amount you need for a deposit is huge. I’ve also noticed my weekly shopping bill has increased, most things have gone up in price.”
Lauren West, 18, of Upwell said: “I’m not any richer now, but then again the recession didn’t really affect me. I want to become a midwife and at the moment there is a strong demand so I hope I’m not affected by all the NHS cuts.
“I just hope the Government doesn’t start cutting the midwifery service any time soon.”
Lauren’s sister Catherine, 16, added: “For me it has been hard to try and find a part time job because nobody is hiring.
“Employment round here don’t look to be improving yet. The recession hit my mum quite hard, but on the whole it didn’t affect us too much.”
Josh Taylor, 21, of Fakenham, said: “The recession affected my family, especially my dad because he’s self -employed. I’m a musician but the recession didn’t affect the industry too much. Saying that people have now got a little bit more disposable income so they can go to more gigs which is good news for me.”