Morning Call: pick of the papers

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

1. Lost illusions on Europe (Financial Times)

Britain needs to adopt a hard-headed approach founded on the national interest – and hold a referendum, says an FT editorial.

2. Nothing in British politics is harder than welfare reform. The dogfight over it is a distraction (Independent)

The goal of delivering a fair, affordable welfare seems as distant as ever, writes Steve Richards.

3. How to follow the public money in a privatised NHS (Guardian)

Without basic financial transparency from public service contractors we can say goodbye to democratic accountability, writes Zoe Williams.

4. Losing one Lord a-leaping is unfortunate. Losing three at once should make Mr Cameron very worried indeed (Daily Mail)

The chances of the coalition fracturing completely are now perhaps higher than ever, says Simon Heffer.

5. Welfare cuts may bite the UK government (Financial Times)

When incomes rise and the Treasury refuses to raise social security, everyone will complain, says Chris Giles.

6. Europe’s dogmatic ruling class remains wedded to its folly (Daily Telegraph)

Proclamations of the euro’s salvation owe more to ideology than to the facts, says Peter Oborne.

7. Is the millennium’s biggest ego trip over? (Times) (£)

The left fête him as an anti-capitalist, anti-American saviour, but Hugo Chávez is just a strutting narcissist, says David Aaronovitch.

8. Don't dismiss privatised classes (Independent)

In education as in probation, public services must be about practicality not ideology, says an Independent editorial.

9. Tinker, tailor, soldier... and a central banker (Daily Telegraph)

The Treasury’s cloak-and-dagger interviews are hardly an advert for open government, writes Sue Cameron.

10. US energy: state of (semi-) independence (Guardian)

The relationships that America has with the rest of the world are bound to change both in scale and in intensity, says a Guardian editorial.

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PMQs review: Jeremy Corbyn turns "the nasty party" back on Theresa May

The Labour leader exploited Conservative splits over disability benefits.

It didn't take long for Theresa May to herald the Conservatives' Copeland by-election victory at PMQs (and one couldn't blame her). But Jeremy Corbyn swiftly brought her down to earth. The Labour leader denounced the government for "sneaking out" its decision to overrule a court judgement calling for Personal Independence Payments (PIPs) to be extended to those with severe mental health problems.

Rather than merely expressing his own outrage, Corbyn drew on that of others. He smartly quoted Tory backbencher Heidi Allen, one of the tax credit rebels, who has called on May to "think agan" and "honour" the court's rulings. The Prime Minister protested that the government was merely returning PIPs to their "original intention" and was already spending more than ever on those with mental health conditions. But Corbyn had more ammunition, denouncing Conservative policy chair George Freeman for his suggestion that those "taking pills" for anxiety aren't "really disabled". After May branded Labour "the nasty party" in her conference speech, Corbyn suggested that the Tories were once again worthy of her epithet.

May emphasised that Freeman had apologised and, as so often, warned that the "extra support" promised by Labour would be impossible without the "strong economy" guaranteed by the Conservatives. "The one thing we know about Labour is that they would bankrupt Britain," she declared. Unlike on previous occasions, Corbyn had a ready riposte, reminding the Tories that they had increased the national debt by more than every previous Labour government.

But May saved her jibe of choice for the end, recalling shadow cabinet minister Cat Smith's assertion that the Copeland result was an "incredible achivement" for her party. "I think that word actually sums up the Right Honourable Gentleman's leadership. In-cred-ible," May concluded, with a rather surreal Thatcher-esque flourish.

Yet many economists and EU experts say the same of her Brexit plan. Having repeatedly hailed the UK's "strong economy" (which has so far proved resilient), May had better hope that single market withdrawal does not wreck it. But on Brexit, as on disability benefits, it is Conservative rebels, not Corbyn, who will determine her fate.

George Eaton is political editor of the New Statesman.