Promising figures posted today by the Office of National Statistics show that the UK economy grew 1% in the third quarter, according to official gross domestic product figures, which measures the value of everything produced in the country. With the Olympic and Diamond jubilee effect.

The Office of National Statistics spokesman JOE GRICE explained the figures.

He then continued explaining what this meant in a wider context.

All this was good news for the Chancellor of the Exchequer George Osborne. Who said "There is still a long way to go, but these figures show we are on the right track," And later today David Cameron will meet with Herman van Rompuy, the president of the European Council, at midday to talk about the EU budget. With Cameron promising that if the deal isn't in the best interests to the UK, then he will veto it.

Written and presented by Ann Salter