Tory MPs Were Stunned the Chancellor Was Still in a Job - The Mail Had Told Them She Was Toast

Labour MPs lined up to express their love for Rachel. It's amazing what the thought of Pat McFadden as chancellor can do

- John Crace

You can only conclude that Tory MPs are just too trusting for their own good. Either that or they are catatonically dim. The rest of us know enough to not always believe what we read on the front page of the right-wing papers, but Conservative MPs seem to take everything at face value.

The front pages of the Mail and Telegraph yesterday insisted Rachel Reeves's time was up. Going to China while the international bond markets crept upwards was the last straw. The chancellor should resign.

What's more - the prime minister had expressed his "full confidence" in Reeves, which could only mean that he was about to sack her. Let's just say that Monday had been a slow news day in Westminster and some hacks had decided to make mischief.