Britain’s Finance Minister Kwasi Kwarteng rushed home from Washington on Friday to hold crisis talks with Prime Minister Liz Truss, with both their jobs at stake while their budget plans unravel.

The financial turmoil triggered by the new government’s plan to cut taxes – funded by billions more in borrowing – has eased somewhat since the Bank of England intervened in bond markets.

But the central bank insists it will end its bond-buying frenzy later on Friday, and market analysts say only a bigger pullback in Truss and Kwarteng will stave off renewed panic with consequent spillovers to UK households and businesses.

Kwarteng was due to wrap up the annual meetings of the International Monetary Fund and World Bank in Washington this weekend after receiving a rebuke from IMF chief Kristalina Georgieva about the need for “coherent and consistent” policies.

A Treasury Department spokesman confirmed that Kwarteng cut short the trip due Oct. 31 “to continue work on his medium-term financial plan” after Truss held rush meetings with her own financial advisors in his absence on Thursday.

Ahead of the much-anticipated spending plan, there was speculation that politicians would backtrack on proposed corporate tax changes, having already changed their minds about cutting income taxes for the highest earners.

Asked if he was planning another U-turn after his disastrous Sept. 23 “mini-budget,” Kwarteng told the Daily Telegraph’s Friday edition, “Let’s see.”

But speaking in Washington on Thursday, the under-fire minister insisted his job was safe. “I’m not going anywhere,” he said.

Truss has “total faith” in her fellow free-market citizen, International Trade Secretary Greg Hands told Sky News.

But a new YouGov poll for The Times newspaper found 43 per cent of Conservative voters want a new Prime Minister at Downing Street – just five weeks after Truss replaced Boris Johnson.

Other polls show a huge lead opening up for the opposition Labor Party and the Tories face electoral defeat.

Hands said “I don’t see” multiple reports that senior Tory MPs were planning to unseat Truss by installing a new leadership team under her defeated rival Rishi Sunak and Penny Mordaunt, who were also running to succeed Johnson.

Asked if Truss will still be at 10 Downing Street in a week’s time, Hands told ITV: “Oh definitely.”

The somber reaction to the Truss-Kwarteng budget has confirmed Sunak’s warnings in the Conservative campaign.

“Borrowing a way out of inflation is not a plan – it’s a fairy tale,” he said in a debate with Truss, warning of higher interest rates and mortgage repayments for hard-pressed Britons.

She, in turn, accused her rival of “scaremongering”.

The Chancellor of the Exchequer’s budget of September 23 unleashed chaos in the markets over fears that it would push up the national debt.

The pound fell to a record dollar low and bond yields rose before stabilizing.

With the Bank of England’s costly interventions coming to an end on Friday, markets have already priced in a new government about-face, leaving Downing Street with no room to maneuver.

“Do it now,” urged Mel Stride, chairman of the Treasury Select Committee in the House of Commons, Kwarteng.

“If it doesn’t happen, markets may react negatively,” he said on BBC television.

Sophie Lund-Yates, senior equities analyst at Hargreaves Lansdown, agreed with Stride’s analysis.

“This move has a sense of urgency and it appears the market is optimistic that Kwarteng’s romcom-worthy shot through the airport portends a dramatic reconciliation between stubborn existing policies and the about-face that investors have been waiting for,” commented you.

For many experts, the danger is that the self-inflicted damage to Truss and her far-right platform could prove deadly.

“This is a government in collapse and economic policy in shambles and quite frankly I think the Conservative Party should hang their heads in shame at what they are doing to the country,” senior Labor MP Ed Miliband told Sky News .