The removal vans can be cancelled, and the shortlist of potential successors can stop measuring up the curtains at Number 11 Downing Street. With today’s figures showing a slightly larger than expected fall in inflation,

With the cost of servicing debt elevated, her fiscal rules remain in peril, and difficult decisions on spending will follow if they bust the OBR spreadsheet in March. And she cannot evade responsibility for loading £25bn of employment taxes on business without demonstrating that it will not, as many claim, depress growth.