Government economic policy was today plunged deeper into chaos after Liz Truss and Kwasi Kwarteng U-turned on a plan to calm markets by bringing forward a crucial statement by the chancellor.
The media was briefed late on Monday that Kwarteng’s medium-term fiscal plan would take place earlier than the planned date of 23 November, after warnings from MPs that the seven-week delay would fuel market jitters and could lead to a higher rise in interest rates.
