I did reference the need to watch out for creative accounting - there will be some - but I'm not in the PPRuNe Eeyore camp on this - I think the 2% commitment is a welcome and positive step. We're now looking at a ringfenced defence budget that will grow in real terms for at least the next 5 years - rather than facing the swingeing cuts that many were predicting. That's not to say everything is rosy but we're in a significantly better place now than we were a week ago.