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LIVE: PM Liz Truss holds press conference as Jeremy Hunt becomes Chancellor

  • Prime Minister Liz Truss is to hold a press conference amid speculation of a major U-turn on Chancellor Kwasi Kwarteng’s mini-budget.
  • Mr Kwarteng flew back to London on Friday for crisis talks after cutting short a visit to the International Monetary Fund’s annual meeting in Washington.
  • It follows days of turmoil in the markets amid concerns about the impact of his £43 billion tax giveaway on the public finances.
  • Mr Kwarteng’s flight touched down at Heathrow Airport amid reports he will be sacked as Ms Truss seeks to shore up her battered authority among Tory MPs.
  • We'll be bringing you live updates below

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