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    Andrea Leadsom MP, who is on the Treasury Select Committee and a leading Conservative to boot, said on the radio this morning that "Mr Osborne made a mistake and he should apologise".

    I saw some of these nasty exchanges in The House which was shown live on the ol parliamentary channel and you can see Balls is clearly confident that he has nothing to answer for. If a guy in his shoes did have something to answer for they wouldnt be quite so robust in defence. I think the trend of blaming the previous administration for absolutely everything may have gone too far this time. Its habit forming isnt it..blaming the previous government, so before a current HMG chap knows what he's saying he has landed himself in it.

    It would be a heck of a moment in politics if Osborne did apologise. It probably wont happen but Labour will get considerable mileage out of his discomfort in the meantime.

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