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Truss Faces Bumpy 2nd PMQs As Market Turbulence & Backbench Unease Continues


Prime Minister Liz Truss faces her second session of prime minister's questions at 1200BST (0700ET, 1300CET), and it is likely to be a tough session. Since the last PMQs on 7 September, the 'fiscal event' of late-September has seen UK assets rattled in global markets, the opposition centre-left Labour Party open a huge lead over her centre-right Conservatives in opinion polling, and stories of plotting from backbenchers (and even ministers) to have her or her Chancellor Kwasi Kwarteng removed from office.

  • PMQs can often deliver more heat than light, but given how much focus there is on gov't fiscal policy any statements from Truss indicating reversal of policy, or indeed sticking with them, could be leapt upon by markets.
  • Livestream:
  • Elena Courea at Politico: "Tory MP texts: “I think we’re heading for the most humiliating u-turn in modern political history: the entire mini-budget Think we’re looking at “deferring” tax cuts and maybe a further windfall tax”

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