Speaking to the BBC, Foreign Secretary James Cleverly states that removing PM Liz Truss and replacing her “would be a disastrously bad idea for the economy and the country”.

• Cleverly: 'We are going to stick with the plan to grow the economy'.
• Cleverly: ‘We are seeing the start of improvements we want to see [in bond markets].’
• Rather than the answer, it is the fact that such a senior minister is openly defending a PM from calls to resign or be ousted after just over a month in office that could be the clearest signal of major ructions evident within the governing Conservative Party.
• Expectations now growing of a U-turn on the fiscal event's other tax cuts, despite denials from Treasury ministers yesterday.