Chancellor Jeremy Hunt is set to make an emergency statement today.
The MP will set out billions of pounds of savings to stabilise the public finances in an emergency statement on Monday. The Treasury said the move - following talks over the weekend between Mr Hunt and Prime Minister Liz Truss - was designed to "ensure sustainable public finances underpin economic growth".
Following his statement, the Chancellor will address the House of Commons later on Monday ahead of the publication of his full medium term fiscal plan on October 31. The move will be seen as an attempt to reassure the financial markets after weeks of turmoil in the wake of former chancellor Kwasi Kwarteng's £45 billion mini-budget tax giveaway.
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