Liberal Democrat MP for Uflcume, Hemyock & Culmstock Richard Foord has called on the Government to recall Parliament, which is currently in recess, to fix Kwasi Kwarteng’s “shambolic” budget. 

The call comes as the pound plummeted to a record low against the dollar, with the collapse in market confidence expected to lead to worsening inflation and spiking interest rates.

People across Devon & Somerset are set to face a hammer blow with Mr Foord saying that the aftermath of the budget has been a “damning vote of no confidence”. 

With Parliament in recess ahead of Conservative Party Conference in Birmingham this weekend, the Liberal Democrats are calling for Parliament to be recalled so urgent action can be taken to address the unfolding economic disaster.

They’re also demanding a windfall tax on oil and gas giants to help people and businesses with their bills, a reversal of the changes which will benefit banks and big corporations and new investment in local health services.

 Commenting Richard Foord MP said: “Last week the Chancellor announced a shambolic budget that gave huge unfunded tax cuts to big banks and the wealthiest while leaving struggling families and pensioners in Devon out in the cold. 

“Because of their budget we are seeing the pound plummet as the markets give the Conservatives a damning vote of no confidence.  “It’s clear the Conservatives are totally out of touch and don’t have a proper plan to steer the economy through the difficult months ahead. “The Government must urgently recall Parliament so Kwasi Kwarteng can update this failed budget, before it does any more damage to our economy and people’s livelihoods.”