Morning Call: pick of the papers

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

1. Cameron is trashing his own party, and it’s not a pretty sight (Daily Telegraph)

Gay marriage is an admirable cause, but if Conservative membership keeps falling at this rate, we will soon enter a new political era, says Peter Oborne.

2. Stafford Hospital, NHS managers, and why money rather than reform sometimes really is the answer (Independent)

A confused, simplistic and narrow debate about the true meaning of NHS reform has been exposed by the appalling neglect of patients in this exceptional case, writes Steve Richards.

3. The five questions Carney must answer (Financial Times)

The next BoE governor must live up to his rock star billing, says Chris Giles.

4. 'No more Mid Staffs' sounds so simple. It will be anything but (Guardian)

The parties were unified but we know that reform in the NHS, though massively necessary, has defeated many politicians, writes Martin Kettle.

5. It isn't those who oppose gay marriage who are the bigots - it is the liberals who demonise them (Daily Mail)

It marks a watershed in modern Britain when the leader of the party to which instinctively conservative people might be expected to look champions social revolution, says Stephen Glover.

6. Why the Tories need a meritocrat's manifesto (Guardian)

Fairness has traditionally been seen as a Labour preserve. But we can find a better way to reach the aspirational underdog, says Dominic Raab.

7. Confused of Westminster seeks a big idea (Times) (£)

Fractious Tories fight their leader and each other, while docile Labour is devoid of a plan, writes David Aaronovitch. The old politics is dying.

8. Turkey and the Kurds: progress on the horizon (Guardian)

If a Kurdish spring happens, the rewards for both sides are significant – not just the end of a conflict that has claimed 40,000 lives, says a Guardian editorial. 

9. Leveson and the Lords (Daily Telegraph)

The Defamation Bill is being used as a backdoor means of introducing state regulation of the press, says a Telegraph leader.

10. Rating agencies must beware of the law (Financial Times)

Free speech is no defence if standards are lowered to please issuers and gain revenues, writes John Gapper.

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The 5 things the Tories aren't telling you about their manifesto

Turns out the NHS is something you really have to pay for after all. 

When Theresa May launched the Conservative 2017 manifesto, she borrowed the most popular policies from across the political spectrum. Some anti-immigrant rhetoric? Some strong action on rip-off energy firms? The message is clear - you can have it all if you vote Tory.

But can you? The respected thinktank the Institute for Fiscal Studies has now been through the manifesto with a fine tooth comb, and it turns out there are some things the Tory manifesto just doesn't mention...

1. How budgeting works

They say: "a balanced budget by the middle of the next decade"

What they don't say: The Conservatives don't talk very much about new taxes or spending commitments in the manifesto. But the IFS argues that balancing the budget "would likely require more spending cuts or tax rises even beyond the end of the next parliament."

2. How this isn't the end of austerity

They say: "We will always be guided by what matters to the ordinary, working families of this nation."

What they don't say: The manifesto does not backtrack on existing planned cuts to working-age welfare benefits. According to the IFS, these cuts will "reduce the incomes of the lowest income working age households significantly – and by more than the cuts seen since 2010".

3. Why some policies don't make a difference

They say: "The Triple Lock has worked: it is now time to set pensions on an even course."

What they don't say: The argument behind scrapping the "triple lock" on pensions is that it provides an unneccessarily generous subsidy to pensioners (including superbly wealthy ones) at the expense of the taxpayer.

However, the IFS found that the Conservatives' proposed solution - a "double lock" which rises with earnings or inflation - will cost the taxpayer just as much over the coming Parliament. After all, Brexit has caused a drop in the value of sterling, which is now causing price inflation...

4. That healthcare can't be done cheap

They say: "The next Conservative government will give the NHS the resources it needs."

What they don't say: The £8bn more promised for the NHS over the next five years is a continuation of underinvestment in the NHS. The IFS says: "Conservative plans for NHS spending look very tight indeed and may well be undeliverable."

5. Cutting immigration costs us

They say: "We will therefore establish an immigration policy that allows us to reduce and control the number of people who come to Britain from the European Union, while still allowing us to attract the skilled workers our economy needs." 

What they don't say: The Office for Budget Responsibility has already calculated that lower immigration as a result of the Brexit vote could reduce tax revenues by £6bn a year in four years' time. The IFS calculates that getting net immigration down to the tens of thousands, as the Tories pledge, could double that loss.

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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