Liz Truss will hold a press conference today, Downing Street has confirmed.

The announcement comes as Chancellor Kwasi Kwarteng announced the Prime Minister asked him to step down.

In a statement, he said: “In a statement, he wrote: “You have asked me to stand aside as your Chancellor. I have accepted.

“When you asked me to serve as your Chancellor, I did so in full knowledge that the situation we faced was incredibly difficult, with rising global interest rates and energy prices. However, your vision of optimism, growth and change was right.”

It follows days of turmoil in the markets amid concerns about the impact of his £43 billion tax giveaway on the public finances.

What time is Liz Truss speaking today?

The prime Minister is expected to hold the press conference at 2.30pm, The Guardian reports.

How to watch Liz Truss statement today?

Liz Truss’s statement will be broadcast on major news channels including Sky News and BBC One.

It will also be able to live stream on BBC iPlayer online.