Those in the channel hoping that the cuts coming next month in the Autumn Spending Review might not be as bad as feared will have been listening closely to Nick Clegg this afternoon.
The Liberal leader and Deputy Prime Minister told his party conference in Liverpool that the cuts would be balanced and not a return to the 1980s.
"Yes it will be difficult, but it will not be like the eighties," he told a packed conference hall.
"The immediate future will not be easy but the long term prize will be great," he added.
Clegg has been consistently upbeat at the Liberal Democrat conference using a speech yesterday to say that the fear around the depth of the cuts had been exaggerated.
Resellers selling into the public sector are bracing themselves for cuts that could be as high as 40% for some government departments, which will be detailed in next month's Spending Review.
Clegg said that it had canvassed public opinion to find out where businesses and individuals thought that money could be saved and it had received "100,000 ideas from the public about how to cut waste".