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Evening Standard
Evening Standard
World
David Hughes

Labour demands recall of Parliament after Kwarteng’s mini-budget triggers chaos

Party leader Sir Keir Starmer

(Picture: PA Wire)

Liz Truss and Kwasi Kwarteng faced demands from the main opposition parties to recall the House of Commons in an attempt to calm markets following the chaos unleashed by the Chancellor’s mini-budget.

The Bank of England was forced to take emergency action, buying up long-term Government bonds because of a “material risk to UK financial stability”, while the International Monetary Fund urged the Chancellor to change course.

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