You’re reading Reaction. To get editor Iain Martin’s weekly newsletter, daily columnists including Tim Marshall, unlimited access to the site and our news briefing every evening, subscribe to Reaction Premium here. What a bizarre reshuffle. Most of the – surprisingly favourable – comment which it has received overlooks the most important point. Public expenditure in Britain is now in excess of one trillion pounds. The government is supposed to consist of the executive directors who oversee that massive operation. But this appears to have been the last consideration in the PM’s mind.