Liz Truss is expected to tell the City and the nation to hold their nerve today as she finally breaks her silence after an economic storm battered Britain for almost a week.
The Prime Minister will embark on a round of BBC local news interviews this morning in which she is expected to say she will not alter course from plans to massively cut taxes and increase borrowing by billion.
Ministers are drawing up plans for billions of pounds in spending cuts to reassure panicked markets that public finances are under control.
It comes after a week in which the pound slumped to its lowest in decades against the dollar, mortgage costs -and availability – slumped and the Bank of England was forced to pump an estimated £65billion into the bond market to protect millions of pensions.
It remains to be seen whether Ms Truss’s emergence will be able to calm the markets or kick-start another day of panic.
But her allies have insisted she has no plans to deviate from Kwasi Kwarteng’s economic…