Cabinet ministers and Conservative MPs are in a state of suspended animation, still not sure what to do about the position of Liz Truss.

One adviser said last night: “Everyone is paralysed and no-one knows how to go forward. We know Truss has to go but no one can decide how to do it: or who takes over. It’s the most extraordinary position to be in.”

While the chancellor-stroke-unofficial-PM’s dramatic reversal of £32bn of tax cuts has calmed the markets, perhaps buying Truss a little time in the process, it has failed to bolster her popularity with the British public. Even Tory Party members are now turning on her.