Book - Live: Tories face 'existential threat' as Labor takes 33 point lead

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The The Conservative Party faces an 'existential threat' after Labor took a 33-point lead in the polls in the catastrophic fallout from Liz Truss' mini-budget, a Tory MP has claimed tonight.

Sir Charles Walker, a Tory MP, admitted the Tories would 'cease to exist as a political party' if the 33-point lead is repeated in an election.

"We made our bed, we have to lie in it," he said, speaking to Channel 4.

Meanwhile, Labor MP Jess Philips tweeted that she was 'speechless' following her party's huge points boost which saw Labor gain nine points to 54% in the polls, while the Tories are down seven to 21%.

The unprecedented YouGov pollster figures come after Ms Truss took to local radio stations in an attempt to reassure the public on his economic strategy.

Meanwhile, Chancellor Kwasi Kwarteng has insisted he is "sticking" to his mini-budget, despite scaring markets and forcing an emergency intervention from the Bank of England.

1664484026Truss to attend the European Political Community meeting in Prague - continued

The move to attend the European Political Community (EPC) meeting - the French President Emmanuel Macron's plan to bring together EU nations and countries outside the bloc - will raise eyebrows ller given Ms Truss's explicit skepticism of the plan only a few months ago as Foreign Secretary.

The meeting will take place in early October and the decision to attend comes as the Prime Minister faces political and economic turmoil at home after Chancellor Kwasi Kwarteng's mini budget spooked markets and shocked mainstream economists over his £45billion tax cuts.

It has been reported that Number 10 has debated whether he should attend the meeting in recent weeks, with European Union Ambassador Joao Vale de Almeida enjoying an appearance during of a meeting on the sidelines of the Labor Party Conference in Liverpool to urge Ms Truss to attend. p>