Some fed-up Tory MPs are ALREADY sending no-confidence letters in Liz Truss, MPs claimed today.
Two sources told the Mirror they believed a small number were “mobilising” after the pound crashed to its lowest against the dollar since decimalisation in 1971.
But it is thought that under current rules, Liz Truss would be safe from a no-confidence vote for a year - even if letters hit the threshold of 54 that would normally trigger one.
The backbench 1922 Committee grants a one-year grace period to leaders who survive a challenge.
A source suggested this also applies to new leaders for a year after they take office. But MPs have threatened to scrap the threshold in the past.
One Tory MP told the Mirror they believed some letters were going in to the 1922 Committee.
“Monday morning feeling seems to have hit some people hard,” they said. “Some of my colleagues need to take up yoga.”
A second Tory MP told the Mirror they believed “there are letters” going in and “there has been some mobilisation”.
“There appears to be an element of organisation,” they claimed. “Two-thirds of her MPs don't want her and are getting massive inbox traffic.”
Neither MP said they were writing a letter of no confidence in Liz Truss themselves, or that they were involved with the letters in any way.
“She's crackers but it would be crackers to defenestrate another one so quickly,” one said.
It took months of rumblings for Boris Johnson ’s critics to finally reach the 54 letters he needed for a vote. He then won it, only to resign later.
The claims first emerged today when Sky News quoted a Tory MP saying “they are already putting letters in as think she will crash the economy”.
The MP, who served as a minister under Boris Johnson, told Sky: “Liz is f*****. She is taking on markets and the Bank of England.”
"Her, Kwasi [Kwarteng], [Chris] Philp and Simon [Clarke] are playing A-level economics with people's lives.
“You cannot have monetary policy and fiscal policy at loggerheads. Something has to give."
A Tory told The Guardian talk of letters going in was not misplaced, because “my colleagues will rule nothing in and rule nothing out.
"There will come a time where people have to say ‘I know it’ll make us look chaotic, but we can’t go on like this."
Some Tories in Westminster were baffled by Liz Truss borrowing £72bn in a year for tax cuts, including removing the 45p top rate of income tax.
One well-connected figure told the Mirror in the wake of the mini-Budget: “It’s going to be a s***show”.
Sterling fell by more than 4% to just 1.0327 dollars in early Asia trade before it regained some ground to about 1.05 dollars early on Monday.
The euro also hit a fresh 20-year low amid recession and energy security fears.
Kwasi Kwarteng ’s mini-Budget outlined the biggest programme of tax cuts for 50 years - funded by a huge increase in borrowing.
On Sunday he insisted the cuts "favour people right across the income scale" despite £1m earners getting a £55,000 tax cut.
And the Chancellor said there would be more to come, amid speculation there will be a wave of new tax cuts in the new year.
Labour said they would keep his decision to cut income tax from 20p to 19p in the pound, but bring back the 45p top rate for £150k earners.
Shadow Chancellor Rachel Reeves pledged to use the cash from restoring the 45p to double the number of medical school places from 7,500 to 15,000 to bolster doctors' numbers.
Labour also said it would double the number of district nurses qualifying every year, train 5,000 more health visitors, and create an additional 10,000 nursing and midwifery clinical placements every year.
