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Web Only: the best of the blogs

The five must-read blogs from today, including Paul Dacre's u-turn and the Network Rail bonus.

1. Network Rail drops plans for any annual bonus this year

FT Westminster's Jim Pickard looks at the political fallout from the decision by Network Rail directors to forgo £20m in bonuses.

2. Would an independent Scotland be refused an AAA rating?

PoliticalBetting's Mike Smithson asks if the Yes vote could be affected by a possible downgrade of Scotland's credit rating.

3. Paul Dacre and his 'journalist licence' U-turn

The Media Blog notes that the Daily Mail editor has changed his tune on a journalists' register.

4. The Greek Vise

Paul Krugman looks at the dramatic public spending cuts Greece will be forced to make in an attempt to move from deficit to surplus.

5. Minister claims there 'isn't a shortage of jobs'. Is that right?

Over at the Guardian, James Ball factchecks the claim by Maria Miller, a minister in the DWP, that there's no job shortage but a lack of skills and a "fear" of work.