Liz Truss clinging to power as new British Chancellor prepares to shred economic plan

New British Chancellor Jeremy Hunt was brought in to replace the sacked Kwasi Kwarteng

Jeremy Hunt leaves 10 Downing Street in London after he was appointed Chancellor (Stefan Rousseau/PA)

Liz Truss’s economic vision appeared doomed on Sunday, as she sought to stay in power despite an increasingly shaky-looking premiership.

New British Chancellor Jeremy Hunt, brought in to replace the sacked Kwasi Kwarteng and to restore credibility to Downing Street, spent Saturday effectively trashing the mini-budget and the set of policies that brought Ms Truss to power.