Clegg downplays the cuts

A noteworthy directional shift from Nick Clegg in his speech this morning. Instead of priming the us for “savage cuts,” as he once did, the Deputy PM is now deemphasising the severity of what’s to come:

“Some of the hyperbole I have heard is just preposterous – this idea, that somehow, it is back to the 1930s. After the spending round, we are still going to be spending £700bn of public money – more than we are now.”

To be fair, the basic message hadn’t changed: cuts are “unavoidable,” Clegg says, as we struggle to contain the deficit. But this new motif demonstrates just how keen the Lib Dem leader is to reassure his party about the government’s intentions – and repel Labour’s sorties in the process. Strangely enough, it also unites him with John Redwood in highlighting how spending will rise in cash terms, if not in real terms.

As understandable as Clegg’s caution is over all this, it could prove counterproductive.