Conservatives have expressed concerns after the Chancellor's mini-budget sparked turmoil in the markets and talk of a financial crisis. With new Prime Minister Liz Truss only a few weeks in office, the mood in the party once again appears divided as some MPs hit out at the tax-cutting plans announced on Friday by Kwasi Kwarteng.
It comes as the Bank of England was forced to launch an emergency bond-buying programme to prevent borrowing costs from spiralling out of control and to stave off a "material risk to UK financial stability". The International Monetary Fund (IMF), in a highly unusual move, has already flagged serious concerns about the mini-budget.
The crisis has prompted Labour and other opposition parties to call for a recall of Parliament, so MPs can hear from the Chancellor about his plans to restore market confidence. There were signs on Wednesday of outright worry within the party, with a number of MPs - some of whom backed Rishi Sunak in the leadership contest - making public their own unhappiness with the political and economic chaos of recent days.
