There were extraordinary scenes in PMQs today. Rachel Reeves appeared distraught as the Prime Minister failed to guarantee her security when asked by leader of the opposition Kemi Badenoch. It was brutal to watch, as the iron chancellor’s lip quivered and a tear rolled down her cheek. In many ways, you can’t blame her – with her headroom narrowing, she will be forced to find a further £5 billion worth of savings to allow for the government’s botched welfare bill.

No. 10 has since clarified that Rachel Reeves has not resigned and will not be sacked, stressing that it was ‘personal’ matter that had upset her, ‘which - as you would expect - we are not going to get into. The chancellor will be working out of Downing Street this afternoon’. There is still no clarification on whether that refers to issues in her personal life or her job security. The question remains: is she on borrowed time?

James Heale speaks to Michael Simmons and Isabel Hardman.

Produced by Oscar Edmondson and Megan McElroy.

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