Downing Street has dismissed the idea that Liz Truss could be about to perform a U-turn on more of the mini-budget tax cuts, amid rumours another policy shift could be imminent in an attempt to placate Conservative MPs and financial markets.
Both UK government bonds and the pound rallied strongly, in part due to continued bond-buying by the Bank of England, but also in response to speculation about a reverse on planned cuts to corporation and dividend taxes.
