What the government did not say, was that this growth is based on an assumption that over 500,000 (half a million) new men and women will immigrate to the UK per annum over the next five years (also good news).

This level of migration to the UK is a huge driver of growth but there is no acknowledgement at all in the Budget Report and the word migration is in fact only mentioned once, and in the phrase "capping welfare and controlling immigration" (ref. para 1.42 entitled Government Plan).

So the government plan is to control immigration but the reality is that its own growth predictions depend on 500,000 men and women immigrating to the UK each year.

What George Osbourne and in fact none of the political parties want to acknowledge, is that without migration their sums don't add up.

So many politicians and media outlets want to blame migration but it is EU citizens moving to Britain, investing in Britain, growing businesses in Britain, exporting from Britain that are driving growth in the UK economy.

Thank you to everyone from Romania, Bulgaria, Croatia, Hungary, Spain, Italy, Belgium, France, Germany, Slovenia, Slovakia, Lithuania, Malta, Cyprus, Greece, Portugal, Ireland, the Netherlands, Denmark, Sweden, Finland, Estonia, Latvia, Austria, the Czech Republic, Luxembourg and especially Poland (the largest community of non-British EU citizens in Britain) for all your hard work over many years and for helping to make the UK economy the fastest growing in the world today.

An excellent campaign by the Centre for Entrpreneurs highlights the contribution of migrant entrepreneurs to the UK economy.

Watch here