Chancellor Jeremy Hunt will deliver parts of his medium-term fiscal plan later today, the Treasury has said.
In a statement the Treasury said the chancellor was fast-tracking the plans, which will be released in full on 31 October.
It said it followed conversations with Prime Minister Liz Truss over the weekend and a meeting with the governor of the Bank of England and the head of the Debt Management Office on Sunday night.
Ms Truss is facing calls to resign from three Tory MPs following the economic turmoil in the wake of the mini-budget.
Tory MPs Crispin Blunt, Andrew Bridgen and Jamie Wallis have publicly stated they believe she should resign, while Labour leader Sir Keir Starmer has called on Ms Truss to face parliament and accused her of being “in office but not in power”.
The Daily Mail reported that Tory MPs will try to oust Ms Truss later this week, with more than 100 ready to submit letters of no confidence.
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Last week Ms Truss sacked her chancellor Kwasi Kwarteng and replaced him with Jeremy Hunt as she ditched a major chunk of the mini-budget.
Mr Hunt has insisted the prime minister is still in charge during media appearances over the weekend, though he said a tough package of tax rises and spending cuts was necessary in order to steady the UK economy.
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3:05
Truss braces for tumultuous week
Sir Keir said Ms Truss’s brief news conference to explain her latest U-turn on Friday “completely failed to answer any of the questions the public has”.
He said: “Mortgages are rising and the cost of living crisis is being felt ever more acutely. The Conservative government is currently the biggest threat to the security and the finances of families across the country.
“That’s why the prime minister must come to parliament on Monday, to explain what she plans to do to turn the situation around.
“If the prime minister won’t take questions from journalists, Liz Truss must at least take them from MPs representing the families whose livelihoods she’s putting at risk.”
MPs believe it is simply not sustainable for Truss to remain as PM
I was told by a cabinet source Liz Truss had no option but to sack Kwasi Kwarteng because it was made clear to her he’d lost the confidence of markets and her only hope of steadying the ship was removing him.
But what follows from that is obvious: as a second cabinet source put it to me over weekend, what the markets do in the coming few days will be critical for Ms Truss too.
The firewall provided by the chancellor is now burnt through and if there’s no improvement, the signal will be that the problem is her.
Politically the view settling amongst MPs is that it’s simply not sustainable for her to remain as prime minister.
All eyes are now on Sir Graham Brady, the only person who knows when a leadership election has been triggered, to see what he does. Party rules say Ms Truss has a year’s grace, but they can change the rules.
But there’s also a view, shared by some Truss rivals and backers alike, that the PM has bought a bit of time.
As one cabinet minister told me: “Despite the hysteria, the reality is we need to calm down, let Liz decide her new priorities and Jeremy deliver his budget. Nothing will be gained in the next 14 days by more fratricide.”
But the point is, as Conservative Home’s Paul Goodman put it, it’s over for Ms Truss whether she’s pushed out or not.
Her economic project is finished and her authority is gone. And that makes it very hard to see how she can lead the party into a general election.
I’ll be watching the markets and Sir Graham very closely on Monday.
In a sign of divide within the Tory Party, former culture secretary Nadine Dorries criticised her colleagues.
“I cannot imagine there’s one G7 country which thinks we’re worthy of a place at the table,” she tweeted.
“The removal of one electorally successful PM, the disgraceful plotting to remove another by those who didn’t get their way first time round is destabilising our economy and our reputation.”
Two people detained during a security incident at Gatwick Airport have been allowed to continue their journeys after a suspect package saw a “large part” of the South Terminal evacuated.
The terminal was closed for hours after the discovery of a “suspected prohibited item” in a passenger’s luggage sparked an emergency response. It reopened at around 3.45pm.
Officers from the EOD (Explosive Ordnance Disposal) team “made the package safe” before handing the airport back to its operator, Sussex Police said.
Their statement continued: “Two people who were detained while enquiries were ongoing have subsequently been allowed to continue their journeys.
“There will remain an increased police presence in the area to assist with passengers accessing the South Terminal for onward travel.”
The force also thanked the public and airport staff for their patience while the incident was ongoing.
Earlier the airport, which is the UK’s second busiest, said the terminal was evacuated after a “security incident”.
“The earlier security alert has now been resolved and cleared by police,” it later said in a statement on Friday afternoon.
“The South Terminal is reopening to staff and will be open to passengers shortly.”
Gatwick said some flights were cancelled while others were delayed.
It said passengers should contact their airlines for any updates on flights.
Footage on social media taken outside the airport showed crowds of travellers heading away from the terminal building.
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“Arrived at London Gatwick for routine connection. Got through customs to find out they’re evacuating the entire airport,” one passenger said.
“Even people through security are being taken outside. Trains shut down,” another passenger added, who said “thousands” of people were forced to leave.
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Another passenger said people near the gates were being told to stay there and not go back to the departure lounge.
People outside the airport were handed blankets and water, passengers told Sky News.
The airport said its North Terminal was still operating normally.
Gatwick Express said its trains did not call at Gatwick Airport during the police response, but the airport said trains would start calling there again once the terminal was fully reopened.
More than 600 flights were due to take off or land at Gatwick on Friday, amounting to more than 121,000 passenger seats, according to aviation analytics firm Cirium.
The UK will “set out a path” to lift defence spending to 2.5% of national income in the spring, the prime minister has said, finally offering a timeframe for an announcement on the long-awaited hike after mounting criticism.
Sir Keir Starmer gave the date during a phone call with Mark Rutte, the secretary general of NATO, in the wake of threats by Moscow to target UK and US military facilities following a decision by London and Washington to let Ukraine fire their missiles inside Russia.
There was no clarity though on when the 2.5% level will be achieved. The UK says it currently spends around 2.3% of GDP on defence.
A spokeswoman for Downing Street said that the two men “began by discussing the situation in Ukraine and reiterated the importance of putting the country in the strongest possible position going into the winter”.
They also talked about the deployment of thousands of North Korean soldiers to fight alongside Russia.
“The prime minister underscored the need for all NATO countries to step up in support of our collective defence and updated on the government’s progress on the strategic defence review,” the spokeswoman said.
“His government would set out the path to 2.5% in the spring.”
The defence review will also be published in the spring.
While a date for an announcement on 2.5% will be welcomed by the Ministry of Defence, analysts have long warned that such an increase is still well below the amount that is needed to rebuild the armed forces after decades of decline to meet growing global threats from Russia, an increasingly assertive China, North Korea and Iran.
They say the UK needs to be aiming to hit at least 3% – probably higher.
With Donald Trump returning to the White House, there will be significantly more pressure on the UK and other European NATO allies to accelerate increases in defence spending.
Two people detained during a security incident at Gatwick Airport have been allowed to continue their journeys after a suspect package saw a “large part” of the South Terminal evacuated.
The terminal was closed for hours after the discovery of a “suspected prohibited item” in a passenger’s luggage sparked an emergency response. It reopened at around 3.45pm.
Officers from the EOD (Explosive Ordnance Disposal) team “made the package safe” before handing the airport back to its operator, Sussex Police said.
Their statement continued: “Two people who were detained while enquiries were ongoing have subsequently been allowed to continue their journeys.
“There will remain an increased police presence in the area to assist with passengers accessing the South Terminal for onward travel.”
The force also thanked the public and airport staff for their patience while the incident was ongoing.
Earlier the airport, which is the UK’s second busiest, said the terminal was evacuated after a “security incident”.
“The earlier security alert has now been resolved and cleared by police,” it later said in a statement on Friday afternoon.
“The South Terminal is reopening to staff and will be open to passengers shortly.”
Gatwick said some flights were cancelled while others were delayed.
It said passengers should contact their airlines for any updates on flights.
Footage on social media taken outside the airport showed crowds of travellers heading away from the terminal building.
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“Arrived at London Gatwick for routine connection. Got through customs to find out they’re evacuating the entire airport,” one passenger said.
“Even people through security are being taken outside. Trains shut down,” another passenger added, who said “thousands” of people were forced to leave.
X
This content is provided by X, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable X cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
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Another passenger said people near the gates were being told to stay there and not go back to the departure lounge.
People outside the airport were handed blankets and water, passengers told Sky News.
The airport said its North Terminal was still operating normally.
Gatwick Express said its trains did not call at Gatwick Airport during the police response, but the airport said trains would start calling there again once the terminal was fully reopened.
More than 600 flights were due to take off or land at Gatwick on Friday, amounting to more than 121,000 passenger seats, according to aviation analytics firm Cirium.