Rolls-Royce's self-reliance has given the chancellor a boost | Nils Pratley

The company’s spending cuts bolster the government message that bailouts are a last resortSee all our coronavirus coverageRishi Sunak will be delighted. The chancellor told the aviation industry that government-backed bailouts would only be considered “as a last resort”, and here comes engine-maker Rolls-Royce to demonstrate what it can achieve under its own steam.Rolls’ shareholders should also be pleased. Monday’s dividend suspension is bad news for them, but not