Perhaps Chancellor of the Exchequer George Osborne should take a look at the Thames Valley before he starts on a new round of austerity.
It appears that the recovery is under way there and business optimism in a key part of the UK is rising. He should note that many of the companies in the region are at the cutting edge of technology so their expansion reflects well on the economy.
A natural process of regeneration is taking place after the blood letting of the recession. In other words, like a patient after an operation, the recovery is happening. That can be seen in Reading, the key town of the Valley, where the appetite for speculative development has returned.
Equally as important is that the long famine in Bracknell is easing as the low rents pull in occupiers. There is also more activity in Basingstoke and Maidenhead is looking forward to having the direct Crossrail link to central London.
The strongest performing part of the region, however, remains West London with Chiswick, Hammersmith and Uxbridge all performing well.
At Chiswick Park, Blackstone is building a large new property, hardly an indicator of low morale.
With Heathrow gaining from another wave of investment, the property market at the airport has been gaining in strength for some time. Once again this is for Mr Osborne a highly relevant economic indicator.