Fraser Nelson

'You aren't listening to what I'm saying,' said a rather rattled Lucy Powell, Labour's election chief, whom the party put up for BBC Sunday Politics today. I suspect that, by now, she'll have wished that we weren't listening. Because in a commendable moment of candour, she admitted that the Labour Party intends to keep debt rising should it win power – and has no real deficit reduction strategy. Ms Powell dispensed with Ed Balls tricksy language and told it how it is. Here she is, talking to BBC Sunday Politics (11 mins in, after complaining about a 'Paxo-style interview'). 'Andrew Neil: You would borrow more, wouldn't you? Andrew Neil: To bridge the deficit you have to borrow more.

Just two weeks ago, senior Conservatives were saying that 'crossover' had been reached: that the Tories were ahead in the polls and that the lead would slowly build. Last week, the lead evaporated. Tomorrow, a YouGov/Sunday Times poll puts Labour four points ahead. Cameron's bizarre pre-resignation on Monday and a rather lacklustre performance in what passed for the television debate on Thursday seems to have had an effect. Sure, they were watched by only 3 million people vs. 10 million for the 2010 debates - but the word gets out. Jeremy Paxman performed very well, Ed Miliband quite well, Cameron less well. And yes, that's the Cameron already talking about his retirement, as if he has already mentally checked out.

‘Would you like a glass of pink champagne?’ asks Alex Salmond at 3.30 p.m., sounding very much like a man settling down for the afternoon. It’s Monday and Scotland’s former first minister has cause to celebrate. He spent the previous day musing on television about the price he’d demand for the SNP supporting Ed Miliband in the Commons, and his thoughts dominate the front pages. There’s plenty of outrage at the idea of the SNP toying with England, and outrage is just what he wanted. So champagne it is. He has found himself an unlikely star of the Tory election campaign; the party this week released a cartoon showing him playing a whistle while Miliband dances.

“Would you like a glass of pink champagne?” asks Alex Salmond at 3.30pm, sounding very much like a man settling down for the afternoon. It’s Monday and Scotland’s former First Minister has cause to celebrate. He spent the previous day musing on television about the price he’d demand for the SNP supporting Ed Miliband in the House of Commons, and his thoughts dominate the front pages of the newspapers. There’s plenty of outrage at the idea of the SNP toying with England, and outrage is exactly what Salmond wanted. So champagne it is. Salmond has found himself an unlikely star of the Tory election campaign; the party this week released a cartoon showing his playing the whistle while Miliband dances.

With just days to go until the general election campaign, David Cameron has declared that this is last time he's leading his party into battle. It's not clear why he felt the need to make this announcement, a tactic normally used by unpopular and besieged leaders to buy time. He says he will stand for a 'full second term' but won't serve a third. His party has lots of talent, he said - a comment that all party leaders make from time to time. But what's unusual is that Cameron actually picked out three potential successors: Theresa May, George Osborne or Boris Johnson (in that order). Which will set all kinds of hares running.

As ever, the story of the Budget was hidden in the small print. There are no hidden tax rises, but the story isn't really in the tax. It's about the cuts to come, the incredible jobs recovery and the games already being played for the general election campaign. Here's my take:- 1. The rollercoaster of cuts to come:- The OBR has rather huffily pointed out the weirdness of the cuts planned for the next four years: a ‘rollercoaster,’ it says, devoid of logic. After the election, cuts will be four times sharper than those implemented in this (election) year. Then most weirdly of all, right at the end, spending soars.

George Osborne is the most political of Chancellors, and his Budget today will doubtless read like a party political broadcast. The economic momentum is on his side: soaring employment, plunging inflation, fuel prices down. But he has had more trouble with the public finances than he expected (as things turned out he could afford it, as global borrowing rates have plunged). But in the interests of balance, here are a few economic bloopers that he won’t be boasting about. 1. The deficit plan: the single biggest disappointment of his five years. Once, he defined himself by his ability to abolish the structural deficit by the 2015 election. Now, it’ll be 2018-19 before the books are balanced.

 Alex Salmond’s brand of populist nationalism involves portraying the Tories as the party of the class enemy. But his latest attack on David Cameron and the TV debates has crossed the line of decency. 'Like most posh boys, given half a chance, he'll run away from a fight,' he said yesterday.  This is bigotry, pure and simple, and Salmond disgraces Scotland with such inverted snobbery. Would he (or anyone else) talk about ‘poor boys’ in such a way?  If Salmond intends to use this line in the general election campaign he will find, as Labour found, that Britain does not share the prejudice which animates some of its politicians. Voters don’t really mind if a politician is poor or posh: it’s what they say that counts.

I wish I could get worked up about the televised election debates (or lack thereof). I can understand that it's a very important to the broadcasters, who don't mind reducing the campaign to three US-style standoffs. But if they don't go ahead, is it really an outrage? Is our democracy really the poorer for it? When broadcasters are angry, they have a platform to vent - which is why the furore is been given disproportional coverage. But without the debates, the election will go on in the way that every election before 2010 went on. And I rather welcome that. The TV debates do make good entertainment but they do rather take over the campaign - and put the whole thing a little more in the hands of the political and media elite.

You almost have to admire Justin Forsyth’s brass neck. He is a former Gordon Brown spin chief earning a Prime Ministerial £138,000 for running Save the Children. Or, rather, transforming it into Save the Labour Party with various attack ads claiming that kids need to be rescued from wicked Conservative austerity. Here's an example of its handiwork: https://www.youtube.com/watch?v=3eKJ972iZ-U You’d think that Forsyth would be rather embarrassed about abusing the charity’s resources in such a way, but last year Save the Children went one further and gave an award to Tony Blair. That really was too going far.

I've just seen a poster from the NASUWT teaching union at a stall they have taken at this year's Welsh Tory conference in Cardiff (where I am today). It suggests that the poor have it easier getting to university in Wales than in England because of the wicked 'Westminster Coalition Government.' This is an utterly dishonest poster. The poor, in Wales, have it worse – precisely because they rejected the redistributive policy of tuition fees. The poster espouses the facile logic that Ed Miliband has regurgitated today – that tuition fees somehow make the poor less likely to apply.