Jeremy Hunt is to make an emergency statement to the Commons on Monday in an attempt to stabilise financial markets, as Liz Truss battled to preserve her authority amid speculation she could be deposed as UK prime minister within days.
Hunt, who has ripped up much of Truss’s economic programme since being appointed as chancellor in place of the sacked Kwasi Kwarteng, is expected to initially set out changes to last-month’s mini-budget this morning, via a Treasury statement and TV clip.
