We've spoken to Downing Street to confirm that this is indeed the final full cabinet before the general election. The answer is "almost certainly", but there's always the possibility that there may be another meeting in an emergency. Most likely, though, the "co-ale-ition" (see below) and crisps they've been consuming has marked the end of a union that made it through the full five years.

tweets:, external Been in Hove hearing what voters think about no 3rd term for Cameron. Some admire his honesty others think it's undermined his authority.

We thought BuzzFeed's consumption of four Shredded Wheat, external was impressive. But Sun Nation has taken consumption of the cereal to a whole new level - finding someone who can get through 10 in one sitting. Don't believe us? The video is here, external. Please don't try this at home.

The Huffington Post

Image source, Getty Images

David Cameron has focused attention on the trio of Theresa May, George Osborne and Boris Johnson as the frontrunners in the five-year-long race to succeed him. But David Davis, who was defeated by Mr Cameron in the Conservatives' last leadership election, believes the PM's eventual successor as party leader will not be someone obvious. "I can guarantee it will be someone we haven't thought of," he told the Huffington Post, external in an interview before yesterday's news. "They are the people who win, that don't have enemies or any previous. That's why it can be disadvantageous to be known for something."

Image source, PA

Ed Balls, the shadow chancellor, has been talking about today's inflation figures. Mr Balls said "When David Cameron and George Osborne say living standards are rising, I think most people think they are completely out of touch with most people's lives and now they are claiming a temporary fall in world oil prices, is because of their economic policy. I don't think people will take that seriously at all.

"Low inflation is a good thing if oil prices stay low, it's also a reflection of global challenges to our economy, but the underlying reality is for most people, wages are stagnant, they've not kept pace with rising bills and we need a proper plan to start to get wages up with more skilled jobs."

The Guardian

Not everyone is convinced David Cameron saying he won't seek a third term is big news. Over on the Guardian, Simon Jenkins said the announcement was "blindingly obvious". More here, external.

tweets:, external "Our plans do not involve a VAT rise" - George Osborne saying literally the same thing his Tory predecessors said before raising VAT.

tweets:, external PA: 68% of 1,000 questioned by market research company Usurv said DC was right to make his intentions clear about a potential third term.

Chancellor George Osborne has warned there is an increasing risk Greece will have to leave the eurozone. Speaking to the Treasury Committee, Mr Osborne said the "ill will round the table is palpable between the eurozone and Greece". Mr Osborne said although he didn't think anyone wanted Greece to leave, he thought it could happen through "accident, or mis-step and misjudgement". He added he didn't think a Greek exit was the "likeliest outcome", but said it was "certainly something we need to be prepared for".

The Daily Telegraph

The Telegraph has just posted this video, external of Prime Minister David Cameron being heckled by pensioners earlier. There are some pretty tense moments in the footage from the AgeUK conference.

House of Commons
Parliament

William Hague is in the Commons presenting the way the government proposes to finish off its legislative business before parliament wraps up on Thursday. The only slight hitch is the Finance Bill that implements the measures contained in the Budget. "Those of us who were here in 1992 will remember the Budget being delivered only a couple of days before dissolution," Mr Hague, who is leaving politics, says. He says the "time available to debate the bill is tomorrow". And that's it.

Image source, Reuters

UKIP leader Nigel Farage has been speaking about David Cameron's decision not to seek a third term as prime minister. "It was the day that Tony Blair said he would go in a few years time, that in fact his authority began to disappear. The Conservative Party is held together well considering you've got these roaring wings, the Eurosceptic wing and the Europhile wing, and I suspect what he's done, perhaps unwittingly, is to launch the war of succession on the issue of Europe.

"What it does is ask questions. If you're not going to stand at the election after this, at what point in parliament will you stand down and have a new leader? I think it's something that he will come to regret."

tweets:, external Five times Osborne asked to give "cast iron" guarantee not to increase VAT. Each time replies "we do not need to increase VAT"

A prickly exchange between Labour MP John Mann and George Osborne. "Your answers are more Bullingdon than Bassetlaw," says the former. "You've obviously been working on that for some time," replies Mr Osborne. Then to the amusement of some in the room, Mr Mann reaches for a Greggs pasty on the desk in front of him "Here's some sustenance for you that I've brought... in order that you can have the sustenance to answer the question." Committee chairman Andrew Tyrie does not sound amused though. He can he heard wearily saying "John, John, John... do you have any more questions?" Mr Osborne, of course, got into hot water - or hot pastry perhaps - when he tried to put VAT on pasties.

Buzzfeed

In his interview with the BBC yesterday, Prime Minister David Cameron said "terms are like Shredded Wheat - two are wonderful but three might just be too many." I'm coeliac, so I can't really relate to the analogy. So is three Shredded Wheat too many? Our friends at BuzzFeed have been testing the PM's assertion, external.

George Osborne is currently facing questions from the Treasury Select Committee. Following Ed Balls' claim earlier that the Tories will definitely put up VAT if re-elected, the chancellor tells the MPs his plans "don't involve a VAT rise" and the Conservatives "don't need a VAT rise" to pay for their policies.

The Guardian

David Cameron's interview with the BBC's deputy political editor, James Lansdale, generated one of the biggest political stories of the year: the prime minister saying he won't stand for a third term in Downing Street. Over on the Guardian website, Holly Baxter takes a look at a few other things she found interesting, external, including the fact that the PM has a "self-referential chopping board".

tweets, external: Following Labour's Great Recession Britain is getting stronger. More jobs, deficit is down, the economy is growing & wages are going further

Image source, Getty Images

This morning's cabinet meeting - the last before the election - was an opportunity for the Lib Dems on the team to unite for a quick photo outside Number 10.

BBC Radio 5 live

David Cameron's third-term vow is "bizarre", Michael Portillo says. "When you play chess you've got to consider what the next two moves are, and I don't think he did." The ex-Tory Cabinet minister tells BBC Radio 5 Live if any other Conservative in government had taken up the news agenda like this the leader would have been rather miffed. But he has some sympathy for the prime minister. "You're damned if you do, damned if you don't. However since that is clear, there's no point setting off on this wild goose chase in the middle of an election campaign."