Chancellor Kwasi Kwarteng has cut short his visit to the US for urgent talks in Downing Street, with a U-turn over the mini-Budget on the table.

Prime Minister Liz Truss is facing calls to change her economic plans to reassure markets and her party.

The BBC says Mr Kwarteng is expected to arrive back today for discussions with the prime minister and Conservative MPs.

He had been in Washington DC for a meeting of global finance ministers.

Speaking about the change in his travel plans, a source close to Mr Kwarteng said he "really wants to engage not only with government colleagues, but also MP colleagues" over the financial plans.

The source said "fiscal responsibility is absolutely core to what we're trying to do".

Comparison dismissed

No 11 dismissed a comparison to the Greek financial crisis of 2011, when its finance minister was hauled back from an international meeting to meet the country's prime minister, saying that was a debt crisis "on a completely different scale to anything that's happening in our markets".

It comes as the Bank of England withdraws its post mini-Budget emergency support later today.

Many Tory MPs now think changes to some of the tax-cutting package is inevitable.

The tense atmosphere in Westminster was apparent as the BBC spoke to dozens of sources across Parliament and the government.

"There is no question in my mind, they'll have to junk loads of this stuff and U-turn," one Tory MP said.

If the government does announce changes to its plans, it is not clear when this might happen.

Statement due

As it stands, Mr Kwarteng is set to spell out how he will pay for the government's £43billion package of tax cuts and get the UK's national debt falling in a statement on October 31, alongside an independent economic forecast.

The government has already U-turned on its plan to scrap the top rate of Income Tax, but this only made up £2billion of the tax cuts announced by the chancellor last month.

Scenarios being discussed by Tory MPs include the chancellor resigning or the prime minister being ousted.

However, there is little agreement on what should happen next or who should replace Ms Truss if she is removed.

According to one report, senior Conservatives are holding talks about replacing Ms Truss with a joint ticket of Rishi Sunak and Penny Mordaunt, who both ran for the leadership this summer.

Scottish Conservative leader Douglas Ross called on the prime minister and chancellor to "get a grip" on the economy.

Mistakes

"There have been mistakes, they've got to work this out to settle the markets, to settle the economy and to get things back up and running again," he told the BBC One's Question Time.

Asked whether he believed Ms Truss could win the next general election, he replied: "Yes."

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