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Manchester Evening News
Manchester Evening News
National
Ashlie Blakey

Liz Truss to hold emergency talks with budget watchdog amid market turmoil

Liz Truss is reportedly set to hold an emergency meeting with financial forecasters after failing to calm chaos in the markets.

The Prime Minister will meet with the head of the Office of Budget Responsibility today (Friday) after calls for her to 'come out of hiding'. She will join Chancellor Kwasi Kwarteng in a meeting with Richard Hughes, the head of the independent spending watchdog.

Treasury and Downing Street sources hit back at suggestions that the meeting is an 'emergency', but it comes after days of chaos in the financial markets and fears of rocketing mortgage bills sparked by the Chancellor’s mini-budget last week. News of the meeting was welcomed by Tory MPs, who expressed hope that it could mark the start of process to win back the confidence of the financial markets.

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