Nicola Sturgeon has demanded that Liz Truss resign as Prime Minister to restore "economic stability" to the UK.
The First Minister made the call following a day of intense drama in Downing Street that saw Kwasi Kwarteng sacked as Chancellor and replaced by Jeremy Hunt.
Truss then appeared at a brief press conference to confirm she would now allow a planned rise in Corporation Tax to go ahead - despite having repeatedly argued that it was wrong move.
The embattled PM answered just four questions from the media before hurriedly exiting the stage.
Reacting to events in London, Sturgeon tweeted: "The best thing Liz Truss could do for economic stability now is resign.
"Her decisions have crashed the economy and heaped misery on people already struggling with a cost of living crisis.
"The only decent thing for Tory MPs to do now is call time on her (Government) and allow an election."
Anas Sarwar, the Scottish Labour leader, said voters must now be able to have their say at a general election.
He said: "Eleventh hour u-turns and scapegoating aren’t enough to salvage this shambles for Liz Truss.
"It’s not just Kwasi Kwarteng that needs to go. We need to remove all those that were involved in putting together this disastrous plan, and everyone that signed it off – not just the guy who read it out.
"It’s time to remove this economically illiterate and morally bankrupt Tory party from government.
"We need a General Election now, so that Labour can boot this rotten Tory government out of office."
Alex Cole-Hamilton, Scottish Lib Dem leader, said Truss's government was already causing "financial misery" for many people as interest rates rise and inflation soars.
He said: "Liz Truss seems determined to push economic instability.
"She sacked a minister for introducing her own policy, a policy that led to soaring mortgage rates and market chaos. On top of that, she’s now decided she doesn’t like cuts to corporation tax but has brought in a chancellor who loves them.
“This Tory government has plummeted public support to some of its lowest-ever levels and caused financial misery for millions up and down the country."
Maggie Chapman, economy spokeswoman for the Scottish Greens, said: "Kwasi Kwarteng may have been the worst Chancellor in modern history, but Jeremy Hunt is not an alternative.
"Anyone who thinks that Hunt is the answer is definitely asking the wrong question.
"He has backed the same vicious cuts and austerity as Kwarteng has, and supported every piece of repressive anti-migrant legislation. As Health Secretary he went to war with doctors and nurses and inflicted even greater privatisation on the English NHS.
"The mini-budget may have instigated the current chaos, but Kwarteng did not act alone. He was delivering the Prime Minister’s policies. She cannot carry on with any credibility when she is even more implicated in this mess than he is.
"It’s not just the corporation tax cut that needs to go, it is the brutal economic vision that underpinned it and the Prime Minister who delivered it."
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