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The Daily Telegraph describes Mr Johnson as “hanging by a thread” following the walkout by the high profile Cabinet ministers and several junior ministers. The paper reports on the prime minister meeting with 80 Tory MPs last night in a pre-arranged meeting in which he indicated tax cuts would now be easier to deliver “in a swipe at Mr Sunak”. It comes after the ex-chancellor in his resignation letter hinted that Mr Johnson’s plans to both raise spending and cut tax were unrealistic.

Daily Telegraph Front Page 9th of January 2025

The Treasury has intervened with extraordinary measures to stabilise the turbulent financial markets, addressing the impact of the recent Budget and the rising costs of national debt, in an effort to restore confidence and prevent economic destabilisation.

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