Pound rallies as Jeremy Hunt to make emergency Commons statement in bid to stabilise UK economy

The pound rallied after it was revealed Jeremy Hunt will be making a statement

Alternatively the 1922 Committee executive could be forced to change the party rules to allow a vote if there is enough pressure from MPs.

With the backdrop of rumoured plots and plans to install the defeated Rishi Sunak or Ben Wallace as the new leader, Ms Truss met with her new Chancellor in Chequers to draw up a new budget for October 31. She told colleagues that the "national mission" is clear but said it "needs pragmatism and teamwork".Read more:

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