Senior Tories hold talks to discuss ousting Liz Truss to ‘rescue’ party

As new chancellor Jeremy Hunt rips up prime minister's economic plans, Conservatives plot route to replace her

Senior Conservatives will this week hold talks on a rescue mission" that would see the swift removal of Liz Truss as leader, after the new chancellor Jeremy Hunt dramatically tore up her economic package and signalled a new era of austerity.

A group of senior MPs will meet on Monday to discuss the prime minister's future, with some wanting her to resign within days and others saying she is now in office but not in control". Some are threatening to publicly call on Truss to stand down after the implosion of her tax-cutting programme.