Liviu Andronic wrote:
> > I suppose I could use negative \vspace to compensate for that, but it's
> > really annoying to have to do it for every picture and table.
> 
> As you mentioned, you can use Insert > Vertical space with a negative
> value around floats. You may also experiment with including the
> negative vspace inside the float. As for defaults, you could
> copy/paste the correctly spaced float every time you need one.
> 
> Alternatively, you could go for something similar to the following:
> command-sequence float-insert figure; escape; escape; break-paragraph;
> inset-insert vspace -1cm

If the space is too big for you at every float, I'd rather change the spacing 
globally.

Here is a list of the relevant parameters (\textfloatsep and friends):
http://www.eng.cam.ac.uk/help/tpl/textprocessing/squeeze.html

HTH,
Jürgen

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