The Latest Breaking News from Grant Shapps

Grant Shapps said the next few days were the "critical period" for Ms Truss to turn things around as Tory conference descended into open warfare

MPs fearful of losing seats may feel they should ‘roll the dice’ on another leader

Tory rebel Grant Shapps insisted on Monday that he did not want Liz Truss to be toppled as Prime Minister after the humiliating U-turn over the top rate of tax.

Birmingham (United Kingdom) (AFP) - Britain's beleaguered finance minister on Monday announced a dramatic U-turn on a tax cut unveiled as part of an economic package that has bombed with the markets, electorate and his party.

Opposition to the plan included several former Ministers and speculation was growing that the Government could be defeated

Kwasi Kwarteng also not ruling out U-turn on bankers bonuses

The plan had been to axe the 45% rate for earnings over £150,000 and pay for it by borrowing

’We get it and we have listened,’ chancellor says, in humiliating U-turn that has derailed the Tory conference

Government makes U-turn over proposal to abolish top-rate tax cut after growing backlash over mini-budget