Allegations that the newspaper has been promising positive coverage in return for payments have rocked the big-selling London newspaper.
Journalism needs to rebuild public trust, but it won't be easy.
The former chancellor is walking a path between critic and conformist.
The former chancellor has no experience of journalism, but that hasn't prevented him from taking over London's most important newspaper.
The former Chancellor is by no means the first to walk the line between media and political elite.