Likening David Cameron and George Osborne to Laurel and Hardy, business secretary Lord Mandelson - dangling precariously from a clock face overhanging a busy Westminster street - warned that a Conservative government would "strangle the recovery at birth - like this."
To howls of derisive laughter, the acknowledged master of comic timing then slashed £449m from universities' budgets before plummeting to the ground, where the frontage of the Palace of Westminster fell on him.
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