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Liz Truss had to be convinced to issue a government statement yesterday to calm the markets, Sky News understands.

Faced with market turmoil, spiking borrowing costs, and the drop in the value of the pound in the foreign exchange markets, the prime minister’s initial instinct was to stand firm and say little or nothing, unwilling to look like she might be shifting position.

UK policy condemned as ‘utterly irresponsible’ – pound latest

However, after a meeting with Chancellor Kwasi Kwarteng yesterday, Ms Truss agreed the Treasury would issue a statement promising further details on 23 November on how the government would ensure borrowing would not spiral out of control.

In effect this gives the government eight weeks to come up with a plan to stabilise the markets – likely to involve spending cuts in Whitehall, public services, investment and probably welfare.

The government will reject claims circulating in Whitehall that the meeting between Ms Truss and Mr Kwarteng was “argumentative” and descended into a “shouting match”.

This comes as the chancellor plans to hold further emergency meetings with global bankers this week to discourage them speculating on the pound.

Politics Hub: Starmer takes aim at Tories on cost of living

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Why has the pound fallen to a record low?

Chancellor ‘more sympathetic’ to Bank’s concerns

There is deep concern in the City that Treasury ministers are still gunning for Andrew Bailey, the governor of the Bank of England, and his two most senior lieutenants, with some believing that removing this team from office would dent Britain’s global reputation for stability.

Sky News can confirm that Monday’s meeting between chancellor and prime minister concentrated on whether to issue a statement and what to say, with the two sides initially taking different positions.

One source said that the chancellor was more sympathetic to the Bank’s concerns than the PM.

The prime minister’s team were aware that the Bank of England was going to issue a statement after the close of markets on Monday.

In the end, the Treasury issued an almost simultaneous statement promising to release economic forecasts by the Office for Budget Responsibility and a plan on debt on 23 November.

Read more:
Five reasons why fall in pound matters

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Why does the weak pound matter?

‘This needs to be explained better’

Tory MPs have expressed huge concern at what some of them regard as a reckless gamble, spending billions of pounds on tax cuts for the rich, which has spooked the markets.

Some in Number 10 are believed to blame the Tory unrest on the failure of ministers and their teams to properly explain their plans.

“Some around Truss think this all just needs to be explained better,” said one business source familiar with the conversations in Number 10.

Some in government are understood to see the market assault on the pound and government debt as a plot by the left, something which has surprised city traders.

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Firm linked to Tory peer Michelle Mone breached £122m PPE contract, judge rules

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Firm linked to Tory peer Michelle Mone breached £122m PPE contract, judge rules

A company linked to Tory peer Baroness Michelle Mone breached a government contract of nearly £122m to supply surgical gowns during the COVID-19 pandemic, the High Court has ruled.

The £121.9m sum, the price of the gowns, must now be repaid by the company, PPE Medpro.

The Department of Health and Social Care (DHSC) brought the case, saying it provided 25 million “faulty”, non-sterile gowns.

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On Wednesday, the High Court said the gowns did not comply with the requirement of having a validated process to demonstrate sterility, and it was not possible for the DHSC to have sold them and recoup the loss.

The company, a consortium led by Baroness Mone’s husband, businessman Doug Barrowman, was awarded the government contract after she recommended it to ministers.

As well as wanting to recover the costs of the deal, the government wanted to recoup the costs of transporting and storing the items, which it said amounted to an additional £8.6m, though the High Court denied the latter request, saying the loss was not proved at trial.

PPE Medpro’s counterclaim that the DHSC should have advised it on how to comply with the contract also failed.

Denied wrongdoing

Both Baroness Mone and Mr Barrowman denied wrongdoing, and neither gave evidence at the trial in June.

She had initially denied involvement in the company or the process through which it was handed the government contract.

However, it was later revealed that Baroness Mone was the “source of referral” for the firm getting a place on the so-called “VIP lane” for offers of personal protective equipment for the NHS.

Yesterday, Baroness Mone accused the government of making her and her husband a “poster couple for the PPE scandal”, in a lengthy online tirade.

The response

In response to the ruling, Baroness Mone said it was “shocking but all too predictable”.

Mr Barrowman said it was “a travesty of justice” and the judge gave the DHSC “an establishment win despite the mountain of evidence in court against such a judgment”.

“Her judgment bears little resemblance to what actually took place during the month-long trial, where PPE Medpro convincingly demonstrated that its gowns were sterile,” he said.

“This judgment is a whitewash of the facts and shows that justice was being seen to be done, where the outcome was always certain for the DHSC and the government. This case was simply too big for the government to lose.”

Ahead of the ruling on Tuesday, PPE Medpro said it intended to appoint an administrator.

The news has been welcomed by Chancellor Rachel Reeves and COVID-19 Bereaved Families for Justice UK.

“We want our money back. We are getting our money back. And it will go where it belongs – in our schools, NHS and communities,” Ms Reeves said.

“Profiting and corruption during the pandemic cost lives,” the families group said. “Those responsible must be held to account.”

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All GP surgeries in England must offer online booking from today

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All GP surgeries in England must offer online booking from today

All GP surgeries in England are required to offer online appointment bookings from today.

Practices must keep their websites and app services available from at least 8am to 6.30pm, Monday through Friday, for non-urgent appointments, medication queries and admin requests.

Many surgeries are already offering online bookings and consultations, but services are typically less effective in working-class areas.

The Department of Health and Social Care says there is a lack of consistency, as some surgeries that offer online services are choosing to switch the function off during busier periods.

The British Medical Association (BMA) has argued safeguards have not been put in place, nor have extra staff been brought in to manage what it anticipates will be a “barrage of online requests.”

The BMA has said GPs are considering a range of actions after voting to enter a dispute with the government over the plan.

Health Secretary Wes Streeting has urged the BMA to embrace the plan, saying the union’s resistance is “a real disservice to so many GPs” who have already introduced the service.

Health Secretary Wes Streeting says booking a GP appointment should be as easy as booking a takeaway. Pic: PA
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Health Secretary Wes Streeting says booking a GP appointment should be as easy as booking a takeaway. Pic: PA

‘As easy as booking a takeaway’

The minister said the government will help practices that need assistance to implement the plan, “but we’ve got to modernise”.

Mr Streeting told the Labour Party conference: “Many GPs already offer this service because they’ve changed with the times.

“Why shouldn’t be booking a GP appointment be as easy as booking a delivery, a taxi, or a takeaway? And our policy comes alongside a billion pounds of extra funding for general practice and 2,000 extra GPs.

“Yet the BMA threatens to oppose it in 2025. Well, I’ll give you this warning; if we give in to the forces of conservatism, they will turn the NHS into a museum of 20th century healthcare.”

Read more from Sky News:
Starmer will take ‘no more lectures’ from Farage
Streeting says Labour ‘need Angela Rayner back’

The measure is part of the broader government pledge to transform the NHS.

Sir Keir Starmer has revealed plans to establish a nationwide “online hospital” by 2027, enabling patients to receive treatment and care from home.

The government said the initiative could provide up to 8.5 million additional NHS appointments within its first three years.

Available via the NHS app, it will allow patients to schedule in-person procedures at local hospitals, surgical hubs or diagnostic centres, reducing delays.

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Farage isn’t racist, says PM – as he’s challenged over Trump’s ‘Sharia law’ comment

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Farage isn't racist, says PM - as he's challenged over Trump's 'Sharia law' comment

Sir Keir Starmer has said he does not believe Nigel Farage or Reform voters are racist – and also refused to label Donald Trump’s claim that London wants “Sharia law” as such.

The prime minister told Sky News political editor Beth Rigby the president’s claim – made while criticising the capital’s mayor, Sir Sadiq Khan, during a UN summit last week – was “nonsense”.

Asked if it was racist, considering Sir Sadiq is a Muslim, Sir Keir said: “I have been really clear that the idea that in London we’re introducing Sharia law is rubbish.”

He said the mayor – who has branded Mr Trump “racist, sexist, misogynistic” – was doing a “very good job”, but also pointed to his “very good relationship” with the president.

Sir Keir also insisted he does not think Mr Farage or Reform supporters are racist, after targeting the party in his Labour conference speech and claiming its leader “hates Britain”.

Earlier in the week, Sir Keir called Reform’s freshly announced immigration policies “racist” and “immoral”.

Asked if he thinks Mr Farage is a racist, he said: “No, nor do I think Reform voters are racist.

“They’re concerned about things like our borders, they’re frustrated about the pace of change.

“So I’m not for a moment suggesting that they are racist.”

He said he was “talking about a particular policy”, which would see Reform axe the right of migrants to apply for indefinite leave to remain, ban anyone who is not a UK citizen from claiming benefits, and force those applying for UK citizenship to renounce other citizenship.

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How did the PM perform at conference?

Reform ‘taking country down road of toxic division’

Sir Keir also refused to say whether he thinks Mr Farage is dangerous, saying: “I think the fight at the next election is going to define us as a country for years to come.

“I think it’s a dangerous moment for the country.”

He said he would not “get into labelling the man”.

“I’m talking about the ideas and what he stands for and what I stand for,” he added.

“I think that taking our country down the road of toxic division where you don’t want to fix problems because if they’re fixed, you lose your reason to exist, I think that is dangerous for our country.”

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Starmer’s ‘anti-Reform party’ gamble

Farage: Starmer unfit to be PM

Mr Farage reacted to Sir Keir’s speech by accusing him of being “unfit to be the prime minister of our country”.

“I used to think the prime minister was a decent man, somebody that I could talk to and chat to,” he said.

“We might disagree on our worldview, but I thought he was a profoundly decent human being. I am completely shocked at his behaviour.

“I hope when he wakes up tomorrow morning he feels ashamed of what he has done. This is a desperate last throw of the dice for the prime minister who’s in deep trouble, a prime minister who can’t even command the support of half of his own party.

“But I’m sorry to say, I now believe he is unfit to be the prime minister of our country.”

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