Davey: PM has 24 hours to fix this economic disaster

EMBARGO: Immediate Release

Liberal Democrat Leader Ed Davey has challenged Liz Truss to recall Parliament and set out in the next 24 hours how she will fix the mess caused by last week's disastrous budget.

It comes as the Bank of England has announced emergency measures today to reduce the threat to the UK's financial stability. 

Liberal Democrat Leader Ed Davey MP said:

"We've now heard from the Bank of England but nothing at all from the Prime Minister.

“Liz Truss has 24 hours to fix this economic disaster and prevent people losing their homes. Now is the time for the Prime Minister to recall Parliament to reassure not just the financial markets, but also British homeowners at risk of higher mortgage costs. Truss and Kwarteng must come forward and spell out how they will repair the damage from their shambolic budget.

“Every hour the Prime Minister and Chancellor hide from this economic nightmare increases the chances of interest rates spiralling out of control and people losing their homes. We can’t wait till the Conservatives’ proposed November statement to rescue the pound and property market. For the sake of the country, Liz Truss must act now."

ENDS