Opinionomics: must-read analysis and comment

Budget, budget, budget!

1. Budget 2012: A budget to bash baby-boomers (Telegraph)

Ian Cowie covers the various ways in which the Baby Boomers are hit by the budget.

2. Budget 2012: Breaking down the benefits bill (Left Foot Forward)

Richard Darlington points out that the much-vaunted "tax transparency" isn't much good if it presents "welfare" as one undifferentiated lump.

3. The Tories have taken a political risk – but they may be forgiven (LabourList)

Anthony Painter analysises the 50p tax-cut, and its political effects.

4. The real point about the rise in personal allowances (Tim Worstall)

Wostall argues that the rise in personal allowances highlights the general failure to uprate allowances to match inflation.

5. The Office for Budget Responsibility's credibility is in tatters (Independent)

David Blanchflower points out the terrible history the OBR has with getting anything right ever.

Pandora's box. Credit: Getty Images

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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Could Jeremy Corbyn still be excluded from the leadership race? The High Court will rule today

Labour donor Michael Foster has applied for a judgement. 

If you thought Labour's National Executive Committee's decision to let Jeremy Corbyn automatically run again for leader was the end of it, think again. 

Today, the High Court will decide whether the NEC made the right judgement - or if Corbyn should have been forced to seek nominations from 51 MPs, which would effectively block him from the ballot.

The legal challenge is brought by Michael Foster, a Labour donor and former parliamentary candidate. Corbyn is listed as one of the defendants.

Before the NEC decision, both Corbyn's team and the rebel MPs sought legal advice.

Foster has maintained he is simply seeking the views of experts. 

Nevertheless, he has clashed with Corbyn before. He heckled the Labour leader, whose party has been racked with anti-Semitism scandals, at a Labour Friends of Israel event in September 2015, where he demanded: "Say the word Israel."

But should the judge decide in favour of Foster, would the Labour leadership challenge really be over?

Dr Peter Catterall, a reader in history at Westminster University and a specialist in opposition studies, doesn't think so. He said: "The Labour party is a private institution, so unless they are actually breaking the law, it seems to me it is about how you interpret the rules of the party."

Corbyn's bid to be personally mentioned on the ballot paper was a smart move, he said, and the High Court's decision is unlikely to heal wounds.

 "You have to ask yourself, what is the point of doing this? What does success look like?" he said. "Will it simply reinforce the idea that Mr Corbyn is being made a martyr by people who are out to get him?"