Insofar as Hester's job is to raise the value of RBS for the taxpayer, he has failed in the last 12 months, says Chris Dillow at Liberal Conspiracy.
Miliband doesn't have to be brilliant to either win the next election or become leader of the largest party, writes Tim Montgomerie at ConservativeHome.
Paul Krugman explains why the sluggish recovery was predictable -- and predicted.
FT Westminster's Jim Pickard asks whether Clegg's acceleration of the personal tax allowance is realistic.
Finally, Political Scrapbook notes that even school students would know why Salmond's referendum question is loaded.