Boris Johnson faces an economic maelstrom even in the unlikely event that he can sort Brexit

Inside Business: The likely future PM is promising tax cuts. But can they boost a troubled economy at a time when the public finances are heading south again? The evidence is that they won’t

This man’s promises are soon going to bump into economic reality (EPA)

Sound public finances has been the Tory mantra for the last decade. It looks as if that’s getting binned even if Boris Johnson jettisons the more grandiose spending promises he made during his lovefest with the ageing bigots that make up the majority of the party’s membership.

This morning the Centre for Economics & Business Research’s (CEBR) “Forecasting Eye” will declare that “Britain could again become a low tax environment under Boris”, predicting a “watershed” in policymaking after the austerity economics of the last three Tory or Tory-led governments.

It also takes a stab at predicting what the man who will almost certainly become our new prime minister, and his new chancellor, might do.