Thanks to The Times’ Sam Coates’ Red Box blog for drawing attention to this pithy comment from Danny Alexander, the Lib Dems’ Manifesto Group chair:

In the space of 24 hours we have seen the end of 42-day detention, the scrapping of plans for secret inquests and now the abolition of Key Stage Three tests. Just as banks are desperate to offload their toxic loans, the Government is swiftly ditching its toxic policies. As there are still several days of the week left there should be plenty of time for ministers to add ID Cards, Council Tax and Britain’s continued presence in Iraq to the list.

I guess an economic collapse is as good a time as any to bury bad news.