It has been a late spring, not only in the garden.
Evidence is piling up of widespread gloom during this year's persistently chilling March. Nationwide published a tell-tale confidence index yesterday showing a sharp downturn from March last year.
The big worry was about jobs. Only 41 per cent of Nationwide's sample felt "positive about the job situation looking forward". That left 59 per cent with their fingers crossed, or worse.
Unemployment had been creeping up for months. Only those who lost good jobs seemed to mind. The public sector was taking people on faster than industry laid them off. Then suddenly all the talk was about cuts in the biggest employer of all, the NHS.
Small wonder sales in the shops dwindled so much that our previously credit-happy fellow citizens paid off £239 million of plastic debt - double the rate at which credit card borrowing was building up in previous months.
Plenty of new personal loans were taken out at the banks, but these were more than offset by repayments of overdrafts - a "very rare" decrease of £133 million, the British Bankers' Associated called it. True the stock market was in great form. Ordinarily that would be the signal for private investors to pile in, while City wiseacres deride them for being too late.
This time they took £3.1 billion off the table in February and March, according to Capita Registrars.
Then, just possibly, it all changed in April with the weather. The shops had their best month for more than a year, according to the CBI's survey. The revival of the housing market could have had something to do with that, though nobody was rushing to buy furniture or carpets. Maybe some of those cautious investors were treating themselves with the profits they had taken.
It wasn't just the shops, either. Manufacturing was getting back into its stride in a way we had not seen since 2004. By the look of the CIPS manufacturing survey, our industrialists seem to have found a way to live with riproaring metals prices as well as energy. Some of them actually recruited more people than jobs were lost elsewhere.
Plenty of things can still go wrong. But April was the month when they didn't.
Everyone who voted New Labour into office nine years ago was voting for the prospect of tougher inheritance tax. It was something that came with Labour Governments.
This time it didn't, or so it seemed as Gordon Brown did nothing in Budget after Budget. He didn't need to. As house prices shot up he just nudged up the starting point for IHT in line with other prices - and watched as hundreds of thousands of home-owning families were sucked into his net.
Then this year he struck, retrospectively, too, making nonsense of the advice prudent individuals had taken when they made their wills, targeting the trusts most frequently used to prevent grandchildren coming into money at the age of 18 when they might handle it ruinously.
That is vindictive social engineering, not tax reform.