By Tim Montgomerie
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Ed Miliband asked a first set of questions about the banking crisis in Cyprus. Cameron replied by saying that the UK has exempted itself from €urozone rescue deals but, on a general point, he stated that deposit protection schemes should be respected.
Ed Miliband's second set of questions focus on whether the arms embargo to Syria should be lifted. David Cameron replies by saying that the current set of policies are clearly not working and 70,000 people have already died under Assad's "hateful regime". The Labour leader struck a very cautious note, worrying that the situation could be made worse if the arms embargo was lifted. The PM replied that the discussions of EU leaders that he had intended reminded him of the arguments made in the 1990s with regard to Bosnia. The British government – along with France – is clearly tip-toeing towards a more interventionist policy.
David Cameron reaffirmed Britain's commitment to the aid budget. He said that Britain should be proud of its help for the hungriest people of the world. The IF campaign ran the above photo stunt yesterday to urge the Chancellor to maintain aid spending. He has. This year Britain will become the first major economy to hit the UN's 0.7% development target. I am proud that that has happened under a Tory PM and Chancellor.