Tory MPs furious with Liz Truss and Kwasi Kwarteng as pound crashes

Backbenchers express concern the new leadership team has already lost them the next election

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Conservative MPs were furious with Liz Truss and Kwasi Kwarteng as the pound continued to crash on Monday, with some talking of a new leadership contest and others terrified that replacing her would lead to an early election.

Tory backbenchers - many former supporters of Rishi Sunak - expressed deep concern that the new leadership team had already lost them the next election, with one Conservative MP even saying he was looking forward to entering opposition as this madness has got to end".