This morning, the Office for National Statistics published data for the UK’s Gross Domestic Product - in simple terms, the size of our economy - for the fourth quarter of 2014. It showed that the economy grew by 0.5% in the last three months of the year and by 2.6% during the year as a whole.
This means the UK economy grew quicker in 2014 than any of the other major advanced economies in what is known as the G7 - faster than France or Germany, faster than Japan, faster than the United States of America.
But is this just a dry statistic? What does it mean for families in Croydon Central. This short video answers those questions.