9:28AM
Tory MP: ‚I have lost confidence in the Chancellor and the PM‘

The mood among some Tory MPs is particularly grim this morning.

One tells me they have now lost confidence in Liz Truss and Kwasi Kwarteng and that many MPs now believe the PM needs to be replaced.

They said: “I have lost confidence in the Chancellor and the Prime Minister for that matter. It is a total mess and there is no obvious solution.

“The vast majority of people [MPs] I speak to think she has to go.”