Twickenham and Teddington's local MP, Munira Wilson, has today called on the Government to recall Parliament to fix Kwasi Kwarteng's 'shambolic' budget.

The call came 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.

The Liberal Democrats are calling for Parliament to be recalled, so that urgent action can be taken to address the unfolding economic disaster. They are also advocating a windfall tax on oil and gas giants to help people and businesses with their bills, plus a reversal of tax changes that benefit banks and corporations in favour of new investment in local health services.

Commenting on last week's budget, Ms Wilson 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 Twickenham and across the country 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. 

"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.

"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."

Chancellor Kwasi Kwarteng argues the government's new growth strategy will boost the national income, so providing the tax returns needed to fund public services. Ministers argue that moves to cap energy prices will help millions this winter and bring down inflation.