Morning Call: pick of the papers

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

1. Memo to the Big Six: cut your prices now (Times)

If they don’t want to become as hated as bankers, energy companies must wise up to political reality, says Philip Collins. 

2. Harsh truths about the decline of Britain (Daily Telegraph)

All the indicators of progress are heading in the wrong direction, and time is running out, writes Jeremy Warner.

3. Welfare dependency isn't Britain's gravest economic problem. Pitiful pay is (Guardian)

If the government really wanted to cut its benefit bill, it would ensure that employers give their workers a living wage, says Polly Toynbee.

4. Hollande holds key to Merkel’s euro plan (Financial Times)

Germany believes the long-term future of the single currency rests with France link, writes Philip Stephens.

5. If I ruled the world – Tony Blair’s lessons in how best to govern (Independent)

How do politicians deliver the changes they have been elected to deliver, asks John Rentoul.

6. Iain Duncan Smith: faith and the facts (Guardian)

Duncan Smith's universal credit has been blessed, to an exceptional degree, with the benefit of the doubt – until now, says a Guardian editorial. 

7. George Osborne should halt the train journey no one wants to take (Daily Telegraph)

HS2 was an interesting idea at first, but it has proved to be an analogue solution for a digital age, argues Fraser Nelson.

8. UK’s energy chaos reflects a lack of focus (Financial Times)

We have an alphabet soup of policies creating unnecessary complexity, writes Paul Johnson.

9. Afghanistan? Iraq? Nope, Dick Cheney doesn’t believe in regrets (Independent)

You'll be hard pressed to find contrition in this apparent autobiography, says Peter Popham.

10. The Red Cross needs to reclaim its hijacked neutrality (Guardian)

As it turns 150, the ICRC must work to reassert its reputation – undermined by Blair's wars and political adventurism, writes Simon Jenkins.

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Cabinet audit: what does the appointment of Liam Fox as International Trade Secretary mean for policy?

The political and policy-based implications of the new Secretary of State for International Trade.

Only Nixon, it is said, could have gone to China. Only a politician with the impeccable Commie-bashing credentials of the 37th President had the political capital necessary to strike a deal with the People’s Republic of China.

Theresa May’s great hope is that only Liam Fox, the newly-installed Secretary of State for International Trade, has the Euro-bashing credentials to break the news to the Brexiteers that a deal between a post-Leave United Kingdom and China might be somewhat harder to negotiate than Vote Leave suggested.

The biggest item on the agenda: striking a deal that allows Britain to stay in the single market. Elsewhere, Fox should use his political capital with the Conservative right to wait longer to sign deals than a Remainer would have to, to avoid the United Kingdom being caught in a series of bad deals. 

Stephen Bush is special correspondent at the New Statesman. He usually writes about politics.