Media 23 February 2013 Morning Call: pick of the papers The must-read comment and analysis from today's papers. Print HTML Downgrade is Osborne's punishment for deficit-first policy (Guardian) "Without a tangible increase in the nation's annual income until after the next election, George Osborne's hopes of finding the money to cut the UK's £1tn of debt are in shreds", reads the Guardian's leader. The AAA downgrade may benefit Britain (Telegraph) If what we get is realism, then the price will be worth paying, says Thomas Pascoe. The UK is very European – in its mistakes (Financial Times) The delay in addressing economic problems is deepening them, writes Adam Posen. With this tax dodger list the Revenue shames only itself (Guardian) By singling out barbers and pipe fitters, HMRC shows it takes care of the little people, while Amazon looks after itself, writes Marina Hyde The politicians are losing in Eastleigh (Telegraph) Some in the press are calling this the most important by-election for 30 years. But important to whom? Weaker pound is welcome but no panacea (Financial Times) The challenge is to connect monetary and fiscal policy to promote demand while enhancing supply, writes Martin Wolf. Long live shopping. But the shop is dead (Times) Retail parks are already the past, doomed like high streets and markets. The internet changes how we buy and think, writes Matthew Parris Is downgrade bad news for Osborne? (Financial Times) "After the US was downgraded in 2011, US bond yields tumbled", says the Short View column. Sorry to harp on, but the horrors of Mid Staffs just won’t go away (Telegraph) The Prime Minister acknowledges the shame of the Amritsar massacre in India, but many more died on the NHS’s filthy wards, writes Charles Moore. Downgrade: good news for UK (Financial Times) All of the country’s problems are well documented, says Lex. › Osborne humiliated as UK loses AAA credit rating Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter. Subscribe More Related articles Owen Smith calls Jeremy Corbyn "a lunatic" Jeremy Corbyn's Virgin video is a Jennifer's Ear for modern times After his latest reshuffle, who’s who on Donald Trump’s campaign team?