Liz Truss plans branded ‘inept madness’ amid Tory concerns over market chaos

The crisis has prompted Labour and other opposition parties to call for a recall of Parliament, so MPs can hear from the UK government's plans to restore market confidence

There is unease within the Conservative Party, after the UK chancellor’s plan sent the markets into a panic. Picture: Stefan Rousseau/PA

Divisions are emerging in the Conservatives, after the UK chancellor’s mini-budget prompted turmoil in the markets and talk of a financial crisis.

With Liz Truss only a few weeks in office, the mood in the party once again appears divided as some MPs hit out at the tax-cutting plans announced on Friday by Kwasi Kwarteng, with one prominent backbencher calling his party leader’s plan “inept madness”.