Tory MPs called for swift action to restore investor confidence after the chancellor triggered turmoil in the markets and caused the pound to fall to a record low. The IMF last night issued an extraordinary rebuke of his tax plans, urging a rethink and saying they would "increase inequality."
No 10 was also forced to deny claims of a split between Liz Truss and Mr Kwarteng over how to deal with the market reaction. One senior Conservative backbencher described the miniBudget as "the shortest suicide note in history", a nod to the famous description of Labour's 1983 election manifesto, telling The Independent it could be "an unmitigated disaster".
The Tory disquiet could even be seen at Labour's conference in Liverpool, where one frontbencher told The Independent he had received a text from an ex-minister in Boris Johnson's government urging Labour to win the next election, signed "a patriot".
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