UK PM Truss to hold press conference amid calls for mini-budget U-turn

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Prime Minister Liz Truss is to hold a press conference amid speculation of a major U-turn on Chancellor Kwasi Kwarteng's mini-budget.

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.

By Gavin Cordon, PA Whitehall Editor

source: PA

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