A new report from the government claims people on the Island should be feeling better off.
Last year's National Income Report showed the Island's economy shrank for the first time in more than 30 years, with a 0.9 per cent drop in
Gross Domestic Product.
In the report the Cabinet Office says the total value of goods and services produced on the Island last year stood at £4.45 billion.
But personal incomes increased for the third year running and the Government's Economic Affairs Division claims that means more money in your pocket.
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