Web Only: the best of the blogs
The five must-read blogs from today, including why we need debt.
Debt, as much as money, makes the world go round, says John Cullinane at False Economy. Trying to live without it risks causing it to stop.
Tests don't improve schools by themselves; they just redistribute the children, says the Telegraph's Daniel Knowles.
Coffee House's Peter Hoskin illustrates the Lib Dems' plan to "turn up the dial on differentiation" with the Tories.
It is now clear that this year the Robin Hood Tax will turn from a campaign into law, says Owen Tudor at the Touchstone blog.
Labour List's Mark Ferguson notes the GMB's pointed warning to Labour over public sector pay.