The Prime Minister will address the nation from Downing Street on Friday as she has been warned she has just “days” to save her job.
It is expected that Liz Truss will make some sort of U-turn on her economic plans after the government Bond yield hit a 30 year high, the pound fell to a 50 year low and the markets have lost confidence and are on a cliff edge.
There is intense speculation that Truss will dismantle some key elements of Kwasi Kwarteng’s mini budget to prevent further turmoil.
The Chancellor landed at Heathrow Airport after doing the red eye shortly before 11am on Friday after cutting his US trip early to return for crisis talks, this stirs the speculation pot faster in terms of what might happen next.
Tory MPs are planing a coup to oust Liz Truss and the Prime Minister has been told she has days to save her job after only being in Downing Street for just five weeks.
Talks are being held on how oust the Prime Minister and Tory whips have warned Truss she could face a leadership contest if there is no ease on the financial markets with the Chancellor’s economic statement on 31 October.