Will we be reading about this in his papers?

Gallows humour amongst Osborne’s people yesterday. The story goes that they were answering calls from hacks with a quizzical “banking or spanking?”

UPDATE: Guido is trying to track down the audio, but Natalie Rowe was just on LBC suggesting that the Chancellor has “a lot to answer for”.

Maybe some of the LSE’s Libyan money could be diverted to her?

Couldn’t happen to a nicer chap…

You wouldn’t know that Ron Paul came second in Iowa from the reporting of the Republican nomination race.Which is why his latest campaign advert mocks his rivals. The libertarian inclined candidate is running on an anti-establishment platform of bringing the troops home, sound money and low taxes. The difference is, he means it.

Give it a few minutes, but some popcorn worthy stuff from Newsnight last night:

There’s a rather warped transcript here.

Two videos have surfaced this afternoon to remind you that things might just be alright out there after all. Firstly, this is what London is up against:

And secondly, something you don’t see everyday:

Stephenson and Yates must be spitting blood…