Good morning, and welcome to your super soaraway Daily View on this, the first full day of Liberal government in the UK.
Today in 1958, Velcro was trademarked before going on to applications in haberdashery and space travel.
Birthday boys today include Arthur Sullivan, Armistead Maupin and Stevie Wonder.
2 Big Stories
There’s no doubting from the papers that today is all about the new inhabitants of Downing Street. From a Lib Dem perspective, there’s wor Vince, about to wage war on the banks. Or is he? Does the update to the Guardian’s article, filed 90 minutes after the article itself, herald the first hint of trouble in Paradise?
City is right to fear Vince Cable
Make no mistake, Cable’s appointment matters. David Cameron could have given him another economic job that would have kept him well away from anything to do with City reform. Last night it was mooted that the MP for Twickenham might be made chief secretary to the Treasury, and thus responsible for the delicate negotiations with Whitehall ministries over spending cuts.
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