The Guardian has reported that:
Retail sales in Britain unexpectedly fell last month as consumers started tightening their belts ahead of the government's austerity measures, fuelling fears that the economic recovery has stumbled.
The down turn is clearly underway.
And if you are in doubt they also reported:
Government borrowing hit a record high in September, jeopardising the chancellor's plans to wipe out the deficit over the next four years.
But, just at the time that we so obviously needed an economic stimulus George Osborne gave us the exact opposite. And business cheered him.