Labour has surged to a 33-point lead over the Conservatives amid the fiscal earthquake triggered by Liz Truss’s tax-cutting budget. This is thought to be the largest poll lead enjoyed by any party with any pollster since the late 1990s.

According to a bombshell new YouGov survey for The Times, only 37 per cent of 2019 Conservative voters plan to stick with the party. Almost three times as many voters said Labour leader, Sir Keir Starmer would make the best prime minister as the number who picked Liz Truss. While the pound has recovered ever so slightly today – up to $1.10 – voter perception of Kwasi Kwarteng’s tax cuts seems to be deteriorating further: only 10 per cent of those polled see the government’s package as fair, down from 19 per cent on Monday.