UK's PM Liz Truss to hold first news conference amid market turmoil

British Prime Minister Liz Truss will on Friday hold her first news conference, Downing Street said as her finance minister rushed home from a visit to Washington following a botched budget announcement.

Market turmoil sparked by the September 23 budget has led to speculation that Truss and Chancellor Kwasi Kwarteng are set to announce a new U-turn, as some Conservative MPs plot to unseat the new leader just five weeks since she succeeded Boris Johnson.