The first cut
The talking is over. The cutting has begun. The chancellor has just announced the scrapping of child benefit for those on higher rate pay ie earning over £44,000 a year.
This on a day when his message from the conference platform is about growth and optimism - designed as a contrast to last year's chilling talk of an "age of austerity". The Tories want this week to focus on reform, not just cuts. In that respect, at least, they may be being rather optimistic.