The new, rebalanced economy as promised in 2010.
Okay perhaps not but 'rebalancing' was a nice buzzword. Should explain why the City still gets its booty kissed by politicians too.
As far as recovery goes, Osborne should be grateful for migration, it saved him from a double-dip recession.
Good reason why we're all not feeling the impact of the 'recovery' too, it's all in the numbers.