Truss ‘standing by Kwarteng’ as Treasury defends plans despite market turmoil – as it happened

No 10 says PM has faith in chancellor, as Treasury minister says tax cuts are the ‘right plan’

Bank of England in £65bn scramble to avert financial crisis

Bank of England left with no action but to intervene after Kwasi Kwarteng’s mini-budget

UK house prices may fall 20% amid mortgage ‘carnage’, warn experts

Lack of supply will prevent crash, say some, while others predict ‘simple maths’ mean property price bubble poised to burst

Tory MPs tell Truss: sack Kwarteng or face mutiny

MPs express disbelief over sterling slump as privately some fear PM’s government is ‘dead on arrival’

What is the Bank of England doing in bid to stabilise UK economy?

Threadneedle Street will buy UK government bonds as pound tumbles in response to Truss and Kwarteng’s mini-budget

This is Truss and Kwarteng’s crisis, not yours – but you’re already a lot poorer because of them

In 25 years of reporting, I have never seen a financial crisis so utterly avoidable, and dragging so much human misery in tow, says Guardian columnist Aditya Chakrabortty

Truss accused of hiding from budget chaos as No 10 resists recall of MPs

Opposition leaders urge PM and chancellor to take action over economic fallout and recall parliament

Labour parties like it’s 1997 as Tories descend further into chaos

If the IMF intervention wasn’t bad enough for Liz and Kwasi, Keir’s morning round of interviews turned into a victory lap

Bank’s intervention may not mark the end of market mayhem

Bank of England’s fourth round of QE could still fail to calm markets and be followed by an emergency interest rate rise

Tories pile pressure on Truss and Kwarteng to reverse tax-cutting plan

MPs say financial measures have been disaster for Conservative party as pound tumbles again

Bank launches emergency intervention in markets after Kwarteng mini-budget

Bank of England takes urgent steps to buy long-dated UK government bonds

Rebuke from IMF is a global embarrassment for Truss and Kwarteng

Will PM and chancellor ignore advice under mounting pressure, which is also coming from US and Germany?

Starmer urges Truss to rethink budget as IMF criticises tax plans

Labour leader accuses government of losing control of economy, branding budget a ‘self-inflicted’ problem

Speed and scale of events may force Bank to expedite next rate decision

Amid extraordinary market changes, the Bank of England seems unlikely to sit on its hands

Truss and Kwarteng had row over sterling crisis response, say Whitehall sources

First signs of friction between PM and chancellor emerge as pound falls to historic low after mini-budget