‘Trench warfare’ breaking out between Johnson and Sunak

The government borrowed another £24 billion in May, and while the deficit is falling, the sums involved are still eye watering.

It makes a difficult backdrop to the government’s spending round, due this Autumn.

The Prime Minister is enthusiastic about a range of expensive commitments – from levelling up to cutting carbon emissions.

But there are signs the Chancellor’s worried about how all these promises will be funded.