Ed Miliband speaks to supporters at Redbridge on May 1, 2014. Photograph: Getty Images.
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Labour nine points ahead in new poll of Tory marginals

The party would win all 10 of the target seats polled. 

One of the transparent calculations behind Boris Johnson's decision to return to parliament is the possibility (or even probability) that the Tories will be defeated in 2015. With nine months remaining until the general election, a new Survation poll of 13 Conservative marginals (10 Labour targets, three Lib Dem) confirms the party's unpromising position. It puts Labour on 41 per cent (up 10 points since 2010), the Tories on 31 per cent (down eight), Ukip on 17 per cent (up 14) and the Lib Dems on just 4 per cent (down 17), a swing of nine per cent to Labour since the last election. 

On a uniform swing, these figures would see Labour win all 10 of its target seats (Amber Valley, Warwickshire North, Broxtowe, Lancaster and Fleetwood, Brighton Kemptown, Lincoln, Morecambe and Lunesdale, Sherwood, Thurrock, Cannock Case) and more than 100 Tory-held marginals nationwide. By contrast, the Lib Dems would fail to win any of their target seats (Camborne and Redruth, Truro and Falmouth, West Dorset) after a swing of four points towards the Tories. 

It's important to remember, though, that this is a snapshot, not a prediction. In October 2009, a marginals poll suggested the Tories would win a majority of 70. Just seven months later, they didn't win one at all. But thanks to the defection of Lib Dem voters to Labour and the defection of Tory voters to Ukip, the opposition is in a strong position to be the largest party. The swing achieved by Labour in the marginals (9 per cent) is greater than the national average (5.5 per cent), supporting Labour's claim that it is "winning voters where it matters". 

George Eaton is political editor of the New Statesman.

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Our new relationship with the EU may be a lot like the old one

For all the tough mood music, Theresa May has left room for concessions.

I'm sad and dismayed, but that's democracy for you.

The Mail is in a cheerier mood. "Freedom!" is their splash. "Dear EU, We're Leaving You" cheers the Express' while "Dear EU, it's time to go" is the Mirror's splash. "Dover & Out!" roars the Sun, who have projected those same words on the white cliffs of, you guessed it, Dover. "May Signs Us Out!" is the Metro's take.

"Brexit begins" is the i's more equivocal splash, "The eyes of history are watching" is the Times' take, while the Guardian opts for "Today Britain steps into the unknown".

The bigger story isn't the letter but its content, which leads the FT: "May signs historic Brexit letter and opens way for compromise". The government is finessing its red line on the competence of the European Court of Justice. (The word in Whitehall is that Theresa May hadn't grasped the importance of the ECJ as an arbitration mechanism after Brexit and for cross-border matters such as flights when she made her conference speech.)  And the PM has done a good job of not ruling out continuing payments to the European Union, her best path to the deal Britain needs.

A lot depends on what happens to the British economy between now and March 2019. The pound is down still further today but whether that's a minor eruption or the start of sustained losses will have significant consequences on how painful Britain's best path to the access we need to the single market - paying over the odds for the parts of membership that the British government wants to keep and swallowing that £50bn divorce bill - is doable or not.

For all the mood music emanating from May, she's quietly done a good job of clearing the obstacles to a deal where Britain controls its own immigration policy, continues to staff Europol and to participate in European-wide research, the bulk of our regulation is set by Brussels de facto if not de jure and we pay, say £250m a week into Brussels.

Our new relationship with the EU may be rather closer to our old one than we currently expect.

Stephen Bush is special correspondent at the New Statesman. His daily briefing, Morning Call, provides a quick and essential guide to British politics.