Peter Hoskin

For Ed Balls this morning, there is only one conclusion to be drawn from the news about our credit rating: ‘A change of course is needed.’ But to what? Balls no doubt means a shallower course of deficit reduction — less far, less fast. But Moody's are clear that we have been placed on a negative outlook because of doubts that our fiscal consolidation will continue strongly enough. Specifically, they say that, ‘Any further abrupt economic or fiscal deterioration would put into question the government's ability to place the debt burden on a downward trajectory by fiscal year 2015-16.’ So how would Labour have fared? We already know that they didn't propose to put debt on a downwards trajectory back then (see my post here).

Andrew Lansley's career prospects were boosted yesterday — when Simon Hughes said that he should ‘move on’ after the NHS reforms have been implemented. Since then, Downing Street has redoubled its defence of the Health Secretary; with a spokesman explaining tersely this morning that, ‘Simon Hughes speaks for himself ’. And Nick Clegg himself has added that, ‘Andrew Lansley is the architect of the NHS bill. He cares passionately about the NHS. He's the right man for the job and he must see it through.’ Clegg's general support for the Bill — and Danny Alexander's — is worth noting because it's one of the factors helping David Cameron hang on to both it and his Health Secretary.

After originally deploying Sayeeda Warsi against ConservativeHome's anti-Health Bill sentiment, David Cameron is now doing his fighting for himself. He has an article in today's Sunday Times (£) that says, with no equivocation, ‘I am at one with Andrew Lansley, the reform programme and the legislation going through parliament’. And, aside from that, it's also an unusually spirited explanation of just what the government plans to achieve by these reforms. Much better than Cameron's wavering performance in PMQs on Wednesday. For all its spirit, though, this article doesn't come across as angry.

The discontent with Andrew Lansley's health reforms has been rising since the New Year. But, one or two threatening quotations aside, most of this has come from the government's natural opponents: Labour and the unions. That changes today. Over at ConservativeHome, Tim Montgomerie has written a post calling for the Health Bill to be dropped. It is, Tim says, ‘not just a distraction... but potentially fatal to the Conservative Party's electoral prospects.’ And he finishes: ‘It must be stopped before it's too late.’ This would be striking enough by itself, but its impact is doubled by a single sentence: ‘Speaking to ConservativeHome, three Tory Cabinet ministers have now also rung the alarm bell.

We've heard enough about David Cameron's woman troubles to regard anything he says about the fairer sex as a naked pitch for votes. But I reckon his comments today, about getting more women into boardrooms, are just as much motivated by concerns about the economy. ‘The drive for more women in business is not simply about equal opportunity, it's about effectiveness,’ is how he put it earlier, ‘It's about quality, not just equality.’ It's a claim that reflects both the thinking of Masters of Nothing — a book by two highly-regarded members of the 2010 intake, Matthew Hancock and Nadhim Zahawi — and its continuing influence in Cameroonian circles.