Chancellor Jeremy Hunt is expected to give an emergency statement on the mini-budget in an effort to reassure financial markets. Live upates here:
Today’s headlines are dominated by what the papers are calling Liz Truss’s fight for her political survival.
Image caption: Leading with what’s been the story of the weekend, the Guardian writes that Liz Truss is “fighting for her political survival” after veteran Tory MP Crispin Blunt broke ranks to declare the prime minister's “game is up”. Ministers are “waiting anxiously” for the markets to open this morning, the paper notes, to see whether Truss's decision to sack her former chancellor, Kwasi Kwarteng, has paid off.
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