So you knew tax rises, spending cuts, pay freezes and benefit cuts were on their way. Stand by for cuts in pensions for public-sector workers.
The OBR report estimates that the cost of public-sector pensions will increase in real terms by 20% every year - that's equivalent to the cost doubling over five years.
Nick Clegg describes this as unfair and unaffordable.
I'm told that we'll hear soon the name of the person chosen to chair an independent review of public-sector pensions.
Ministers are clearly preparing the way for higher pension contributions and possibly, in the longer term, scheme closures.