Yes, the economy is healing. It was never quite as sick as once thought: the double dip of 2012 has almost been revised out of existence by official statisticians. But the recovery is a fledgling thing liable to be snuffed out by global rumbles that no chancellor can do much about. Cynics would accuse him of getting his excuses in early. Admirers would call it far-sighted. Either way, it would be honest.
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