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Liz Truss to hold emergency press conference today amid Tory chaos

PRIME Minister Liz Truss is to hold a press conference later today amid government chaos, Downing Street has confirmed.

It comes after Kwasi Kwarteng flew back to London from the US for crisis talks with Truss amid turmoil in the Tory Party and intense speculation he will have to dismantle key elements of his controversial mini-budget.

There have been days of turmoil in the markets amid concerns about the impact of his £43 billion tax giveaway on the public finances.

The Chancellor cut short his visit to the 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.

The conference is expected to take place at 2pm and be shown live on the BBC News channel.

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