Even on a generous reading, the party is still on course to lose nearly half of its 57 seats.
While Tim Farron heaped praise on Ed Miliband, Browne says that Labour is "intellectually lazy" and suffering from a "leadership void".
While Nick Clegg remains comfortable in coalition with the Tories, the Lib Dem president, Tim Farron, has other ambitions.
Lib Dem strategists are brimming with gratitude to the two big parties for making single-party government seem an unattractive proposition.
The Liberal Democrat president lavishes praise on the Labour leader and says "I don’t want join in with the Tories who compare him to Kinnock."
The Orange Book liberal is preparing for a renewal of coalition vows after the next election.
No government policy has made party members unhappier. Fortunately, Clegg is about to pledge to repeal it.
While leaving the door open to military action, the party's MPs know that the evidence required to justify intervention hasn't been presented.
Left-wing policies stand a far greater chance of reaching the statute book when agreed across negotiation tables than when promised in manifestos.
Naming and shaming employers is a smart move but the maximum fine remains just £5,000 and enforcement is still lax.