Web Only: the best of the blogs

The five must-read blogs from today, including why we should opt for defence cuts over tax rises.

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1. If the choice is tax rises or defence cuts, we should opt for the latter

ConservativeHome's Paul Goodman argues that further savings could be made from the defence budget.

2. Darling lashes "stupid" and "arrogant" bankers for taking Britain to the "brink of collapse"

Labour Uncut featues more extracts from Alistair Darling's memoir, this time on Fred Goodwin and co.

3. Are the Lib Dems all at sea over the Vickers reforms?

The FT's Jim Pickard notes that unlike Lord Oakeshott, Vince Cable never said that the Vickers reforms should be introduced immediately.

4. Will the Speaker kill abortion row?

Paul Waugh reminds us that John Bercow might not call Nadine Dorries's amendment at all.

5. Residents of the Home Counties are being treated like Chinese peasants during the Great Leap Forward

Ed Miliband has a chance to speak for England on planning reform, argues John McTernan.

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