Morning Call: pick of the papers

The ten must-read comment pieces from this morning's papers.

1. Miliband needs to be bolder on EU and immigration (Daily Telegraph)

Instead of offering a strong lead, the Labour Party leader risks giving the initiative to the Tories, says Mary Riddell.

2. Europe: no more talk of in-or-out. Let's think opt-outs (Guardian)

The EU treaties are not fit for purpose, but leaving makes no sense, says Simon Jenkins. Negotiation is possible without risking free trade.

3. Don’t be the PM who takes us out of Europe (Times) (£)

David Miliband imagines what advice John Major might offer David Cameron.

4. Japan should rethink its stimulus (Financial Times)

The real problem is a return to deflation and an overvalued currency, says Adam Posen.

5. The big chains simply cannot rival the choice or the price of online retailers (Daily Mail)

The high street as we knew it, and perhaps in some cases even loved it, is becoming history, writes Simon Heffer.

6. Towards a fairer capitalism: let's burst the 1% bubble (Guardian)

Talk of a more moral capitalism is just hot air unless we rehabilitate and reward the idea of value creation, writes Mariana Mazzucato.

7. Don't let HMV drown in the Amazon (Independent)

A scaled-down operation that adopts more of the "niche" principles of modern business thinking could yet thrive, says an Independent editorial.

8. Berlin slows down (Financial Times)

It is time for German companies to end pay restraint, argues an FT editorial.

9. The BA Christian case was judged rightly, and a true test of tolerance (Guardian)

Nadia Eweida's religious reasons for wearing a cross at work should not have been trampled on by BA's uniform policy, argues Andrew Brown.

10. We should not pay a penny of RBS’s fraud fine (Independent)

The cost, which could rise above £300m, should come out of the bankers' bonus pool, writes Andreas Whittam Smith.

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Is anyone prepared to solve the NHS funding crisis?

As long as the political taboo on raising taxes endures, the service will be in financial peril. 

It has long been clear that the NHS is in financial ill-health. But today's figures, conveniently delayed until after the Conservative conference, are still stunningly bad. The service ran a deficit of £930m between April and June (greater than the £820m recorded for the whole of the 2014/15 financial year) and is on course for a shortfall of at least £2bn this year - its worst position for a generation. 

Though often described as having been shielded from austerity, owing to its ring-fenced budget, the NHS is enduring the toughest spending settlement in its history. Since 1950, health spending has grown at an average annual rate of 4 per cent, but over the last parliament it rose by just 0.5 per cent. An ageing population, rising treatment costs and the social care crisis all mean that the NHS has to run merely to stand still. The Tories have pledged to provide £10bn more for the service but this still leaves £20bn of efficiency savings required. 

Speculation is now turning to whether George Osborne will provide an emergency injection of funds in the Autumn Statement on 25 November. But the long-term question is whether anyone is prepared to offer a sustainable solution to the crisis. Health experts argue that only a rise in general taxation (income tax, VAT, national insurance), patient charges or a hypothecated "health tax" will secure the future of a universal, high-quality service. But the political taboo against increasing taxes on all but the richest means no politician has ventured into this territory. Shadow health secretary Heidi Alexander has today called for the government to "find money urgently to get through the coming winter months". But the bigger question is whether, under Jeremy Corbyn, Labour is prepared to go beyond sticking-plaster solutions. 

George Eaton is political editor of the New Statesman.