Truss overrules Kwarteng Treasury pick in bid to calm markets
The Guardian says Liz Truss has overruled Kwasi Kwarteng’s top appointment at the Treasury and handed the role to a veteran Treasury official, one of a series of moves designed to calm markets and backbenchers.
It was also announced that the chancellor will set out plans to shore up the public finances three weeks earlier than planned and publish long-awaited forecasts by the Office for Budget Responsibility at the same time.
The move lay the groundwork for a change of approach as restive MPs return to Westminster on Tuesday, after a difficult Conservative conference where Truss was forced to U-turn on tax cuts for the wealthiest after mass internal opposition.