The prime minister fended off losing a Commons vote on welfare changes but wakes up with a massive repair job to do within his party – and economically.
Sky News’ Sam Coates and Politico’s Anne McElvoy wonder what the consequences will be after those last-minute concessions to keep Labour MPs on side.
There’ll be new ways of balancing the finances (could they be filling a black hole by sending more?) but also a post-mortem of how the government misjudged the mood of its own MPs.