The Latest Breaking News from Jeremy Hunt

The embattled PM has resigned in a brief 90 second statement outside Number 10 after just 44 days in office - her replacement in Downing Street will be announced in a week's time

Downing Street indicated ministers could ditch their commitment to the triple lock

James Heappey warned he would resign if Liz Truss breaks her promise, while Defence Secretary Ben Wallace would be expected to follow.

Labour is calling for voters to have their say on the next prime minister after Liz Truss resigns

The Labour leader suggested many people feel ‘the real risk now is carrying on with this lot’ after the Government ‘demolished’ its mini-budget.

Before the new UK chancellor, Jeremy Hunt, rolled back almost all of September’s mini-budget measures, the first tax cut to go was Liz Truss’s plan to scrap a corporation tax rise.

Downing Street has also refused to rule out cutting budgets in the health and care systems

Vow to hike spending to 2.5 per cent of GDP by 2026 in peril, but promise of 3 per cent – a £100bn budget – by 2030 stands

If it wasn’t already clear, it is now: the Chancellor is in total command of economic policy. Jeremy Hunt’s television address yesterday morning followed by his statement to the House of Commons that afternoon laid bare the near-total repudiation of Liz Truss’s plan for growth.