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It's a Tory party conference unlike any other.

It has very quickly become an ethnic political catastrophe for her.

For Liz Truss, her honeymoon as leader soured in 11 days ago when the new chancellor quasi-quarting delivered what he called a fiscal event.

And what an era it's been.

As the chancellor announced record government borrowing, coupled with huge unfunded tax cuts that would particularly benefit the rich, the markets went into meltdown.

The British pound touches a record low against the dollar.

£100 billion has been knocked off the value of UK stocks and bonds since Liz Truss became Prime Minister.

The pound plummeted, inflation surged and in an unprecedented move, the Bank of England intervened with an emergency £65 billion bond buying programme.

But while even the IMF criticised the government's plans, the Prime Minister doubled down.

So you won't change your mind on the 45p rate?

No.

But within 24 hours, that changed.

The government is about to announce one of these.

Yep, you turn, a handbrake turn is on its way.

Good morning, Liz Truss and quasi-quarting have abandoned a plan to abolish the 45p rate of income tax for top earners.

Charles, you'll have to forgive me just being slightly impatient with you.

I have in front of me the trail of your speech, which journalist was sent yesterday.

We will stay the course itself.

I will.

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