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Crispin Blunt became the first Tory MP to demand Liz Truss's resignation - and said the Prime Minister should quit "now".
Mr Blunt, the MP for Reigate for the past 25 years who will stand aside at the next general election, demanded Ms Truss leave office and be replaced by a "combination" of Jeremy Hunt, Rishi Sunak and Penny Mordaunt.
Asked if her six-week premiership could survive, he will tell Channel 4's Andrew Neil Show: "No, I think the game's up and it's now a question as to how the succession is managed."
It came as Mr Hunt, the new Chancellor, insisted the Prime Minister was "still in charge" of the country and economic policy, while refusing to rule out further U-turns on tax cuts.
Mr Hunt was last night preparing to delay a 1p cut to income tax and Tory MPs expressed concerns that he was effectively running Downing Street.