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Liz Truss has been accused of "inept madness" by one of her own MPs as Conservatives round on her over market turmoil in the wake of Kwasi Kwarteng's 'mini-Budget' last week.
The Bank of England was forced to intervene on Wednesday morning in an attempt to avert a pension crisis.
Simon Hoare, the Tory chairman of the Northern Ireland select committee who was a supporter of Rishi Sunak's campaign, wrote on Twitter: "In the words of Norman Lamont on Black Wednesday: 'Today has been a very difficult day'.
"These are not circumstances beyond the control of the Government or the Treasury. They were authored there. This inept madness cannot go on."
Robert Largan, the MP for High Peak, voiced his "serious reservations" about some of Ms Truss and Mr Kwarteng's measures, adding: "I do not believe that cutting the 45p Top Tax Rate is the right decision when the Government's fiscal room for manoeuvre is so limited.
"In my view, this is a mistake. This is a deeply worrying time. Elected officials need to be honest about the choices we face and Government needs to take a pragmatic, fiscally responsible approach on the short-term support needed for people & long-term strategic thinking to ensure our energy security."
