The recovery may be feeble, but voters are rewarding the Tories as GDP rises – and the 'cost-of-living' is half the issue it was in 2011.
The uncomfortable truth is that for most people, the recovery hasn't even begun.
The dangers of an unbalanced recovery are real and excessive boastfulness could encourage voters to believe it is safe to return Labour to power.
At a time when the incomes of ordinary families are falling, the highest earners must contribute more to reduce government borrowing.
The Tories are hailing the UK's projected growth while promoting policies that would strangle it.
Britain is awash with debt, while government policy encourages inflation. But theoretical inflation sorts a lot of stuff out, while actual inflation will hurt.
The Chancellor's claim that "the pace of fiscal consolidation has not changed" is not supported by any of the available data.
Including, this is still the slowest recovery for 100 years, the economy is 2.9% smaller and most people are still getting poorer.
The Chancellor boasts in his Times piece that disposable incomes have risen but in the first quarter of this year they fell at the fastest rate since 1987.
Including, this is still the slowest recovery for 100 years, the economy is 3.3% smaller and unemployment hasn't fallen for six months.