PUBLISHED: 16:20, Wed, Sep 2, 2020 | UPDATED: 16:23, Wed, Sep 2, 2020
The Chancellor was snapped leaving Number 11 this afternoon holding a highlighted A4 sheet of paper alongside his briefcase, ahead of a crunch meeting about the UK economy with the 2019 intake of Tory MPs. The document appeared to be the speech he had prepared for disgruntled Tory backbenchers, which said there would be “difficult” decisions ahead, but added there would not be a “horror show of tax rises”.
Eagle-eyed observers shared the image of Mr Sunak’s paper on social media, which read: "We will need to do some difficult things… Now this does not mean a horror show of tax rises.
"But it does mean treating the British people with respect, being honest with them about the challenges we face."
Boris Johnson and Mr Sunak addressed the Tory MPs elected in the 2019 general election, amid growing concerns over the direction of the Government following a series of embarrassing U-turns.
Many Tory MPs, especially those in former Labour constituencies in the north of England, are said to be "jittery" about losing their seats at the next election, amid the prospect of sweeping cuts.
Rishi Sunak has leaked his notes after leaving Downing Street (Image: Twitter/PoliticalPics )
Boris Johnson and Rishi Sunak addressed newly election Tory MPs this afternoon (Image: PA)
At the meeting, Mr Sunak stressed the need to be honest with the British public about the economic challenges the country faces.
The Chancellor insisted his aim is to ensure the UK has a “dynamic” and “low tax economy”.
He said: “We will need to do some difficult things, but I promise you, if we trust one another we will be able to overcome the short term challenges... Now this doesn’t mean a horror show of tax rises with no end in sight.
“But it does mean treating the British people with respect, being honest with them about the challenges we face and showing them how we plan to correct our public finances and give our country the dynamic, low tax economy we all want to see”
Rishi Sunak has told Tory MPs his plans for the