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‘The PM is in charge’, says Hunt – who wants to hold on to as many of her tax cuts ‘as possible’

Meanwhile, new Chancellor Jeremy Hunt has been speaking to the BBC on his second day on the job. He said "actions speak louder than words"...

Jeremy Hunt to meet Liz Truss at Chequers to discuss economic plans

Prime Minister Liz Truss and Chancellor Jeremy Hunt will meet at Chequers today in an effort to restore the government's economic confidence. Mr Hunt, who took over for Kwasi Kwarteng, stated in a statement that his priority was growth "underpinned by stability." He warned of possible tax rises and savings in public spending, saying the mini-budget went "too far, too fast". Pressure is growing on Ms Truss,...

Be in no doubt, the prime minister is in deep trouble

In an excruciating news conference - so short the gathered political press pack was left open-mouthed as she departed - Liz Truss made her...

Ian Blackford: Tory PMs have ‘collectively got us into this mess’

After Kwasi Kwarteng was ousted as chancellor on Friday, the SNP's Westminster leader Ian Blackford stated Tory prime leaders since 2010 have "collectively got...

Sir Keir Starmer hits out at ‘grotesque chaos’ of chancellor sacking and accuses Truss of putting ‘party first and country second’

Labour leader Sir Keir Starmer has hit out at what he called the "grotesque chaos" of chancellor Kwasi Kwarteng's sacking, as he accused Liz...

How have the markets reacted today

The Bank of England's help with the markets has finished today (see 4.04 pm post). But what have today's events done to the markets? As Sky...

Cabinet minister warns ‘it’s not going to last’ as Truss’s premiership in deep trouble

Be in absolutely no doubt, the prime minister is in deep trouble. She has sacked her chancellor, committed a second major U-turn on her mini-budget,...

Will Jeremy Hunt reunite the Tory party or is Liz Truss flogging a dead horse?

Jeremy Hunt, one of the faces of the One Nation Conservative camp within the Tory party, is the new chancellor under a Liz Truss...

Hunt ‘shares my desire for a high growth low tax economy’, says Truss

Prime Minister Liz Truss says what she has done today is make sure "we have economic stability in this country". She says: "Jeremy Hunt as...

PM ‘incredibly sorry’ to lose Kwarteng – but Hunt is ‘experienced and widely respected’

PM Liz Truss says she met the "former chancellor" Kwasi Kwateng today.  "I was incredibly sorry to lose him," she says. "He is a great friend...

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