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.

Nick Clegg has proved he is no pushover

Jackie Ashley has praise for the Lib Dem leader’s achievements. But will it be enough?

By bringing in fixed-term parliaments and setting the next election for five years’ time, the Lib Dems hope to have had enough time to prove that they have made a difference, and are not simply mini-Cameroons. But it’s a big gamble. There is provision for another election sooner if 55% of MPs vote for one. A falling out between the parties, some rebellious MPs and a few by-elections could turn the arithmetic that way.

2 Must-Read Blog Posts

What are other Liberal Democrat bloggers saying? Here are two posts that have caught the eye from the Liberal Democrat Blogs aggregator:

• Jonny Wright: tuition fees campaign misdirected

If, like me, you’re a student, and if, like me, you’re wondering how to get rid of tuition fees, then consider this. In power, Labour introduced the damn things. The Lib Dems want to scrap them, and if ever we’re in a position to do so, we will. Now, which party should you spent your efforts fighting against?

• Dave Page: ID Cards to go

I joined the Liberal Democrats at the same time as I joined No2ID, the nationwide single-issue, non-partisan campaign against the Database State. For the last few years, I have been co-ordinating Manchester No2ID, a local group of the national campaign. I have worked with people from all political backgrounds, including fellow Lib Dems, Greens, Labour and even anarchists. Working across party lines, on a single issue, has been very refreshing and helped me see beyond party politics. Our monthly street stalls keep me in touch with people’s opinions, and lead to frank and open discussions.

Spotted any other great posts in the last day from blogs that aren’t on the aggregator? Do post up a comment sharing them with us all.