Liz Truss and Kwasi Kwarteng are set to hold crisis talks amid intense speculation they will have to rip up key aspects of their controversial mini-budget. The commitment to axe the planned increase in corporation tax is seen as the most likely element to go.
It would be the latest in a series of screeching U-turns performed by the Prime Minister since she entered No 10 little over a month ago – and before she took office. Here is a look at her previous climbdowns.
Tax cuts for the rich
