September 25: The chancellor is accused of fanning the flames of financial chaos further by saying “more to come” when asked about future tax cuts. September 26: After a weekend of panic trading, sterling sinks to a record low against the dollar as the price of government debt soars as investors dump UK bonds. 27 September: The International Monetary Fund (IMF) issues an emergency intervention, urging the Chancellor to “reassess fiscal measures” and warning that the mini-Budget is likely to increase inequality. September 28: The pound takes another hammering as the FTSE 100 index of top companies on the London Stock Exchange falls sharply. Labor leader Sir Keir Starmer is telling the government to recall Parliament to allow Mr Kwarteng to abandon his strategy “before any more damage is done”. September 29: A shock poll gives Labor a massive 33 percentage point lead over the Conservatives. Liz Truss and Mr Kwarteng are adamant that their vision is the ‘right design’. October 2: Mrs Truss says yes when asked on the BBC’s Sunday With Laura Kuensberg program if she is absolutely committed to scrapping the 45pc tax rate. October 3: Mr Kwarteng issues a statement at 7.25am. saying the cut has become a “distraction” and the government will reverse: “We understand and we have heard.”
