Opinionomics | 28 March 2012

Must-read comment and analysis. Featuring Robert Peston taking on the Bank of England.

1. Did the Bank of England cause the boom and bust? (BBC News)

How much were central banks to blame for the financial boom and bust, asks Robert Peston.

2. Heathrow's third runway is not happening – move on (Guardian)

John Stewart writes that the aviation industry's tired third runway campaign ignores the facts of the future of air travel, and a total lack of political will.

3. Focus: The middle-income trap (Economist | Graphic Detail)

The Economist examines economic growth relative to the United States, and finds remarkable – depressing – stability.

4. BUNDESBANK COMES OUT AGAINST WOMEN, WAR ON ALL GOOD THINGS CONTINUES. PUPPIES AND ICE CREAM TARGETED NEXT (FT alphaville)

Lisa Pollack looks in depth at the "women bankers riskier" story from yesterday.

5. Ireland Deserves Breathing Room on Debt to Revive Economy (Bloomberg View)

Bloomberg calls for Ireland to be given time off repaying its debts to the ECB.

A counterfeit €100 note is presented to the Bundesbank. Credit: Getty

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Tony Blair won't endorse the Labour leader - Jeremy Corbyn's fans are celebrating

The thrice-elected Prime Minister is no fan of the new Labour leader. 

Labour heavyweights usually support each other - at least in public. But the former Prime Minister Tony Blair couldn't bring himself to do so when asked on Sky News.

He dodged the question of whether the current Labour leader was the best person to lead the country, instead urging voters not to give Theresa May a "blank cheque". 

If this seems shocking, it's worth remembering that Corbyn refused to say whether he would pick "Trotskyism or Blairism" during the Labour leadership campaign. Corbyn was after all behind the Stop the War Coalition, which opposed Blair's decision to join the invasion of Iraq. 

For some Corbyn supporters, it seems that there couldn't be a greater boon than the thrice-elected PM witholding his endorsement in a critical general election. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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