BREAKING: Liz Truss is speaking to the country to announce her latest budget U-turn on the same day as she sacked her chancellor.
Publicly the government had been bullish on sticking to the plan put the Truss-Kwarteng pivot at the centre of the new government fell apart completely today.
The scale of the backlash has led to speculation that the PM’s own position could be in jeopardy and shetake over the party swiftly without the need for a leadership election. Speaking at the International Monetary Fund summit in Washington, he added: ‘I will come up with the medium-term fiscal plan on October 31, as I said earlier in the week, and there will be more detail then.’
He tweeted: ‘Given the pain being caused to the real economy by the financial turbulence, it’s not clear why it is in anyone’s interests to wait 18 more days.’
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