09/05/2014 07:45 BST | Updated 09/05/2014 07:59 BST

Recession May Be Over - Here's 9 Awkward Facts Osborne Would Prefer You Forget

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RICKMANSWORTH, ENGLAND - APRIL 22: British Prime Minister David Cameron and British Chancellor George Osborne speak together during a question and answer session at the construction company Skanska on April 22, 2014 in Rickmansworth, England. The Prime Minister and Chancellor who usually avoid joint appearances spoke to employees following the announcement that 200 infrastructure projects are due to be completed in 2014-15, which the government claim will support more than 150,000 construction

George Osborne is set to get a massive political boost as new figures suggest that the economy is nearly back to where it was in 2008, showing a full recovery after the financial crash.

According to the National Institute for Economic and Social Research (NIESR), growth will exceed its 2008 high in the next few months. The institute also upgraded its growth forecast for this year by 0.4%, predicting that the economy will grow by 2.9% in 2014.

NIESR director Jonathan Portes told The Times: "The end of the Great Recession, it is an important moment. The British economy is very close to being bigger than it has ever been. Symbolically, that matters, and it comes at a time when growth is clearly entrenched."

Before you reach for the champagne to celebrate, we at HuffPostUK thought it worth pointing out nine sobering economic issues that Osborne would be less keen to talk about.

Photo gallery 9 Facts George Osborne Wants You To Ignore Now The Great Recession Nears An End See Gallery