Morning Call: pick of the papers

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

1. This budget is just as I feared (Guardian)

Only growth can save us from a lost decade, says Alistair Darling. But George Osborne is risking not just recession but depression.

2. Labour made the mess, but the Tories are only making it worse (Daily Telegraph)

The ugly truth is that there appears to be no political solution to the calamity facing us all, says Peter Oborne.

3. Shrewd politics hides brutal economics (Financial Times)

The Chancellor cannot disguise that economic outcomes are drifting further from expectations, writes Martin Wolf.

4. Trapped by his own ideology, the Chancellor is lonelier than ever (Independent)

Cabinet ministers are becoming more assertive, behind the scenes and publicly, writes Steve Richards.

5. Why we should be cautious about cheering on Cyprus's no vote (Guardian)

The main demand of this week's 'parliamentary revolt' was that Cyprus remain an offshore tax haven, writes Nikos Chrysoloras.

6. Osborne’s play for the strivers (Financial Times)

The chancellor had to revive his party’s winning tradition as the friend of the aspirational classes, writes Janan Ganesh.

7. This Budget was too hopeful. We want despair (Times)

The Chancellor calls Britain an ‘aspiration nation’, but we all know we’re in a mess, writes Matthew Parris. His best policy is to admit it.

8. George may seem unlovable but the smirking alternative would lead us to perdition (Daily Mail)

We must never forget that the only alternative government on offer will be led by Miliband and Balls, says Max Hastings.

9. Rights and wrongs of a Royal Charter (Independent)

An Independent editorial says that "with reluctance", the paper has accepted the use of a Royal Charter to create a new press regulator.

10. Good parenting can’t be measured in GDP (Daily Telegraph)

What does our Cabinet, mainly upper-class males, understand of real-world child care dilemmas, asks Allison Pearson. 

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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.