Reeves is untroubled by a financially illiterate Tory leader, while Starmer allows himself a minor celebration

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This was the sort of day of which all governments dream. A day in which all opposition was reduced to noises off at best. When no crises were on the horizon and most of Westminster was fast asleep. When ministers could get on with their jobs with no outside interventions. A day when the government got to control the news grid.

Over in the Treasury, Rachel Reeves was putting the final touches to her Mansion House speech. Her chance to mend fences with the City after raising employers’ national insurance contributions in the budget. Still, at least they vaguely understood the numbers. Kemi Badenoch had proved herself to be totally financially illiterate at the previous day’s prime minister’s questions. For Rachel, a top Conservative team of Kemi, Mel Stride, Priti Patel and Chris Philp was a dream quartet. Not all chancellors are so blessed.

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