MPs will return to Westminster on Tuesday after a chaotic conference season, with the chancellor set to face questions for the first time since the fallout from his mini-budget.

Parliament has been in recess for over two weeks to allow the parties to hold their annual political gatherings, but will kick off at 2.30pm with Treasury Questions, meaning a likely early appearance from Kwasi Kwarteng at the dispatch box.

His economic policies will remain the focus of the Commons throughout the day as MPs debate his proposed reversal of the National Insurance rise – brought in earlier this year by former Chancellor Rishi Sunak to pay for health and social care.

And potential future policies are likely to be raised too, as the Conservative Party continues to argue over whether he and Prime Minister Liz Truss should raise benefits in line with inflation.

Politics live: Kwarteng confirms U-turn on date for next economic forecast

Mr Kwarteng’s economic announcements last month – which came on the final day of Commons business before the conference recess – sent the markets into turmoil.

The subsequent days saw the pound drop, mortgage products being withdrawn and the Bank of England having to step in to save some pension funds.

No 10 defends decision not to launch ‘bespoke’ energy-saving public information campaign – saying individuals must decide what is right for them

Winter power blackouts ‘extremely unlikely’ but UK must ‘plan for every scenario’, says minister

Cost of living: University graduates want higher starting salaries – and many would take up side hustles to earn extra cash

Poll numbers for the Tories plummeted, with Labour recording approval ratings over 30 points ahead.

Please use Chrome browser for a more accessible video player

Since the fall-out, which dominated the Tories’ own gathering in Birmingham, the chancellor and the prime minister have U-turned on their plan to scrap the top 45p tax rate for the wealthiest 1% and given into demands to bring forward their medium-term financial plan on how to pay for their £43bn of policy pledges.

Mr Kwarteng confirmed on Monday that event would now take place on Halloween, rather than on 23rd November, and will be accompanied by an Office for Budget Responsibility (OBR) forecast – something he was criticised heavily for excluding when he announced his mini-budget.

Please use Chrome browser for a more accessible video player

Labour has promised to “step up pressure” on the chancellor to scrap all the announcements from his “fantasy mini-budget” and is urging Tory MPs to work with them and speak out publicly to force the changes.

Shadow Chancellor Rachel Reeves said: “This is a Tory crisis that has been made in Downing Street, and that is being paid for by working people.

“Families worried sick about bills haven’t even had so much as an apology from the prime minister or chancellor, the architects of chaos unleashed on the British economy and family finances.”

She added: “Labour have forced this Tory government to U-turn throughout the cost of living crisis and we will do all we can in our power to do so again to get them to reverse this disastrous, kamikaze budget.”

G7 meet over Ukraine

Meanwhile, the PM will take part in a virtual meeting with leaders of the G7 – the world’s seven richest nations – to speak out against continued Russian brutality in Ukraine and call for a full meeting of NATO leaders in the coming days.

Ukrainian President Volodymyr Zelenskyy will also join the call following 24 hours of ramped up attacks to his country, including in the capital Kyiv, which has seen civilians killed and electricity cut off.

Ms Truss will urge the group not to waver in its support and is expected to say: “The overwhelming international support for Ukraine’s struggle stands in stark opposition to the isolation of Russia on the international stage.

“Their bravery in the face of the most brutal acts of violence has earned the people of Ukraine global admiration.

“Nobody wants peace more than Ukraine. And for our part, we must not waver one iota in our resolve to help them win it.”

Related posts:

Ban on commercial evictions to be extended until 2022, govt source says UK asks EU for grace period extension amid Brexit sausage trade row No plans to change sensitivity of COVID app after half a million people pinged in a week The government will want to urge caution as England drops restrictions – but that ​ship has probably sailed Overseas butchers and abattoir workers to be granted six month visas to deal with pig backlog UK calls on France to work ‘constructively’ on issue of Channel migrant crossings Government ‘destroying lives’ by ignoring review recommendations on vaginal mesh and harmful medicines Government sees off calls from some Tories to change asylum and immigrations reforms Rishi Sunak defends spring statement after criticism it fails to help the poorest Sunak says he is ‘just trying to stay at the crease’ when probed on leadership ambitions No such thing as a safe seat as PM desperate to avoid Tamworth by-election over Chris Pincher scandal Six things to watch out for in The Battle for Number 10 on Sky News