Front pages of the day dominated by financial turmoil

Today's front pages are dominated by Turmoil in financial markets which saw the pound fall to a record low against the dollar.

The currency fell as investors lost confidence in the UK's public finances after last Friday s mini-budget.

The Guardian reports that the government was struggling to prevent a full-scale loss of financial market confidence in its economic strategy as Truss's strategy unravels, and the crisis deepens as it struggles to prevent a collapse of the currency's confidence in its economic strategy.

The Financial Times has said Bank of England and Treasury has failed to calm market fears over UK finances The paper says a statement from the Bank has sounded the Bank's promise to act after the fall of the pound, and that Halifax, Virgin Money and Skipton are among the lenders pulling mortgage deals ahead of an anticipated rate rise.

The i newspaper has a similar take on the story: New mortgages were blocked amid UK market turmoil above a picture of PM Liz Truss and a smiling chancellor Kwasi Kwarteng.

The Express says don't panic! The chancellor shrugged off yesterday s financial market jitters with a vow to set out his strategy to reduce debt.

The Metro has The pound Kwartanks next to a picture of Kwarteng.

The Mirror runs the economic disaster of Tories above its headline Out of control The paper says millions of households are facing further financial misery as Kwarteng s tax cuts plunge markets into chaos. Fury at the city slickers bet against UK Plc. Senior Tories said short sellers were trying to make money out of bad news.