Prime Minister Liz Truss is to hold a press conference later on Friday Downing Street has said. It comes amid Budget chaos that has seen Chancellor Kwasi Kwarteng return home early from a trip to the USA.
The government is expected to make more U-turns in its mini-Budget announcements on taxes. Kwasi Kwarteng is flying back to London for crisis talks with Liz Truss amid turmoil in the Tory Party and intense speculation he will have to dismantle key elements of his controversial mini-budget.
The Chancellor cut short his visit to the annual meeting of the International Monetary Fund (IMF) in Washington DC as Conservative MPs questioned whether he and the Prime Minister can survive the coming days.
