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Web Only: the best of the blogs

The five must-read blogs from today, including the other version of Miliband's January.

1. The other version of Ed Miliband's January 2012

This month has seen the Labour leader flesh out his big idea of "responsible capitalism", notes FT Westminster's Jim Pickard.

2. Party lines, halls and mirrors on welfare

The Tories aren't "braced" for defeat on the benefits camp, they're "praying" for it, says Channel 4's Gary Gibbon. He explains why.

3. Gingrich Leads In Florida

Andrew Sullivan notes that Newt Gingrich leads Mitt Romney by nine points in Florida.

4. Why the EU oil embargo on Iran matters

Lindsey Hilsum explains how the volatile politics of the Middle East affects all of our lives.

5. Introducing the Austerity Curve

At False Economy, Duncan Weldon publishes a graph illustrating how government cuts can widen, rather than reduce, the deficit.

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