Chancellor Jeremy Hunt to announce mini-budget u-turns as pressure mounts on Liz Truss

Pressure is mounting on Liz Truss as she fights to save her premiership this week, with her fate hinging on the mood of the market and her own backbench MPs.

It comes after it was announced at 6am, that the new Chancellor Jeremy Hunt will make a statement to the House of Commons this afternoon, 'bringing forward measures from the Medium-Term Fiscal Plan'.

All eyes will be on the market reaction on Monday morning, as the Chancellor tries to take control of the Government's finances.

Mr Hunt met with the Governor of the Bank of England and the Head of the Debt Management Office last night to brief them on his plans.

It comes as three members of Ms Truss's parliamentary party already breaking ranks to call on her to go, including one Welsh MP who wrote an open letter calling for her to go.

Bridgend MP Jamie Wallis, joined Crispin Blunt and Andrew Bridgen calling on the Prime Minister to quit on Sunday, while other senior figures within the parliamentary party expressed deep unease with Ms Truss's leadership but stopped short of calling for her to go.

Mr Blunt was the first MP to demand her exit, telling Channel 4's Andrew Neil Show on Sunday: "I think the game is up and it's now a question as to how the succession is managed."

It came at the end of another extraordinary weekend in British politics, that even saw US President Joe Biden intervene to call Ms Truss's economic vision a "mistake".

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 for crisis talks.

Mr Hunt, who carried out something of a media blitz on behalf of the Prime Minister over the weekend, insisted that she was still in charge even as he diagnosed