A multimillionaire former donor to the Conservative Party says he stopped giving them money and defected to Labour because he felt they were "riven with arrogance and complacency".
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Liz Truss will hold meetings with EU leaders today after a chaotic party conference that left Conservatives divided over her policies.
The Bank of England has confirmed it intervened to stabilise the pensions market following the chancellor's mini-budget as multiple firms which schemes were reliant on faced the prospect of being wound up within hours.
The plane flying Liz Truss to meet the Queen at Balmoral for her appointment as prime minister a month ago was hit by turbulence in bad weather and struggled to land at Aberdeen airport.
"Stealthy" freezes to tax and welfare thresholds will outweigh any benefits people will get from the government's plan to cut taxes, according to economists.
Foreign Secretary James Cleverly has urged his ministerial colleagues to keep their views on government policy "around the cabinet table" as Liz Truss faces an open split within her top team over the 45p tax rate U-turn.
Executives from Britain's biggest high street banks have been summoned for talks with Kwasi Kwarteng amid concerns about the impact of recent financial turmoil on the mortgage market.
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