Though the PM has rescued a dying lamb, there probably won’t be a triple dip recession and set the dividing lines for next election that see Labour playing to the wrong crowd and arguing against every cut in benefits, it’s not all good news. The FT reports those EU renegotiations are going well:

“The Foreign Office invited Berlin and Paris to take part in its so-called “balance of competences” study, which is examining whether powers should flow back from Brussels. But after high-level discussions between the French and German governments, they have decided not to assist the British review. The exercise, launched in July, has been blackballed by most other member states as well…”

That should help stop the UKIP vote haemorrhage.