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Will Liz Truss last the week?

Jeremy Hunt tears up the Prime Minister’s mini-Budget

In a desperate attempt to stabilise the financial markets Jeremy Hunt, the newly appointed Chancellor, has reversed “almost all” of the tax cuts announced in the government’s mini-Budget just three weeks ago.

Anoosh Chakelian and Harry Lambert discuss the measures announced in Hunt’s emergency statement this morning, reports that he is now acting effectively as a caretaker PM, and who would succeed Liz Truss should she be ousted.

In You Ask Us, a listener asks if the Tories can get away with switching leader again without calling a general election.

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[See also: Liz Truss to resign as Prime Minister after just 44 days]