Morning Call: pick of the papers

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

1. The latest front in Operation Divide and Rule sees soldiers being used to fight a political battle (Independent)

The idea that soldiers are somehow independent of the welfare state – and thus immune to attacks on it – is bunk, and Philip Hammond knows it, says Owen Jones.

2. Cameron must find some TLC for the right (Times

The Prime Minister’s neglect of his traditional supporters opened the door for UKIP, writes Tim Montgomerie. Now he has to woo them back.

3. With a broken promise, the government has handed the NHS over to the market (Guardian)

Reassurances on clinicians and local people controlling how services are commissioned look likely to be overturned, writes Clive Peedell. 

4. This cap on bankers’ bonuses is like a dead cat – pure distraction (Daily Telegraph)

EU autocrats think that by blaming the City of London, they have an entire continent fooled, writes Boris Johnson. 

5. Alawite history reveals the complexities of Syria that the west does not understand (Independent)

The maps long favoured in the west partition off Arab countries into ethnic divisions, but all these make clear is our own ignorance, says Robert Fisk.

6. A taste for mutually assured destruction (Financial Times)

US sequestration looks likely only to entrench the partisanship it was supposed to circumvent, writes Edward Luce.

7. No mainstream party in England truly understands conservatism (Guardian)

In Eastleigh and beyond, millions of voters who loathe the establishment tendency to piety are without a voice, says John Harris.

8. Rise of fruitcakes shows voters hate cynical Cam & Co (Sun)

For too many of our politicians, getting elected and running the country is the ultimate career move, not a passionate calling, says Tom Newton Dunn. 

9. I know where the political common ground is, Dave. The question is: do you? (Daily Mail)

The Prime Minister's lurching from one wing to the other doesn’t inspire much confidence that there’s any substance behind his promises, writes Melanie Phillips. 

10. Secret courts: The Liberal Democrats' duty (Guardian)

Should they shrink from at the very least amending the bill, the Lib Dems will reveal that they are neither liberal nor democratic, says a Guardian editorial.

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FTSE 100 plunges after Theresa May signals hard Brexit ahead

The Prime Minister is to lay out her Brexit plan later today. 

The FTSE 100 and the FTSE 250 plummeted this morning after the Prime Minister signalled Brexit will mean leaving the single market.

Theresa May is expected to rule out "partial membership" or any other kind of "half-in, half-out" deal with the EU in a speech later today.

The FTSE 100, the index of the UK's 100 biggest companies, and the FTSE 250 both fell more than 0.3 per cent immediately after opening. 

The worst performers included the housebuilder Barratt Developments, consumer goods tester Intertek and the mining company BHP.

Stock markets have been buoyant since Brexit, in part because many of Britain's biggest companies are international and benefit from a devalued pound. 

However, while markets fell, the pound crept up against the dollar, to $1.21. 

Critics of the Prime Minister say she is sacrificing the economy to prioritise immigration controls.

TUC general secretary Frances O'Grady warned: "If we leave the single market, working people will end up paying the price. It'd be bad for jobs, for work rights & for our living standards."

According to the Office for National Statistics, inflation rose from 1.2 per cent in November to 1.6 per cent in December. 

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