Matthew Lynn

Things are about to get even worse for Boris Johnson

(Credit: Getty images)

A round of tax cuts? A splurge of infrastructure spending? Or perhaps a whizzy way of subsidising housing? Boris Johnson could even decide to forgive student debts, and hand out a massive Christmas bonus for pensioners, craftily dressed up as a cost-of-living rebate. 

There are no doubt lots of such ideas being kicked around in Downing Street today to relaunch the Johnson premiership and save Boris’s skin after a huge rebellion by Tory backbenchers. But here’s the problem for the PM: the economy is about to turn toxic. The dismal reality is that Boris isn’t going to be able to spend his way out of this scrape.

But here’s the problem for the PM: the economy is about to turn toxic

Instead Johnson will have to come up with something else – that doesn’t cost much money – to relaunch his premiership if he is to do anything more than limp on for a few more months until he is finally replaced.

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