Web Only: the best of the blogs

The five must-read blogs from today, including why the UK is falling out of the EU.

1. Britain, not leaving but falling out of the EU

Cameron did not stop France and Germany from going ahead with what they are proposing, writes the Economist's Bagehot. That's not wielding a veto, that's called losing.

2. 'Nervous' Lib Dems toe the line on Europe

What Lib Dems are really waiting for is to see what happens when parliament returns on Monday, says Kiran Stacey at FT Westminster.

3. Cameron didn't sign EU deal because it's not in the interests of the one per cent

Cameron acted in the interests of the City of London, not Britain, says Shamik Das at Left Foot Forward.

4. Sarkozy told Cameron: "You can't have an offshore centre taking away Europe's capital"

Gary Gibbon warns that the French President is expected to renew his efforts to clip the City of London's wings.

5. Cameron's big opportunity to bring the Conservative family together

This could be a healing moment for the Tories, says ConservativeHome's Tim Montgomerie.

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Police shoot man in parliament

A man carrying what appeared to be a knife was shot by armed police after entering the parliamentary estate. 

From the window of the parliamentary Press Gallery, I have just seen police shoot a man who charged at officers while carrying what appeared to be a knife. A large crowd was seen fleeing from the man before he entered the parliamentary estate.

After several officers evaded him he was swiftly shot by armed police.

Ministers have been evacuated and journalists ordered to remain at their desks. 

More follows. Read Julia Rampen's news story here.

Armed police at the cordon outside Parliament on Wednesday afternoon. Photo: Getty

George Eaton is political editor of the New Statesman.