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Chancellor Kwasi Kwarteng and PM Liz Truss have made a U-turn on the decision to give the wealthiest 1% of earners a tax cut after facing a backlash.

On the Sky News Daily, Niall Paterson explores the political consequences of the U-turn with political correspondent Liz Bates and discusses how the markets are responding with economics editor Ed Conway.

Plus, Catherine MacLeod, a No.11 special adviser during the 2008 recession, explains how a government should react during a time of financial crisis.

Podcast producers - Rosie Gillott
Digital producer - David Chipakupaku
Editor - Philly Beaumont

Long before the recent economic woes hitting the pound, mortgages and the price of essentials, a survey in April from The Food Foundation charity revealed nearly two and a half million people had said they’d not eaten for a whole day because they couldn’t afford or get access to food. Those numbers will now be much, much higher.

On the Sky News Daily podcast with Niall Paterson, we examine a snapshot of what is happening in the supply chain - from farm to table - and its impact on all those in it.

Guests: Anna Taylor, executive director at The Food Foundation charity; David Batterbee, a sheep and beef farmer in the Peak District; Nick Allen, chief executive of the British Meat Processors Association; and James Lowman, chief executive of the Association of Convenience Stores.

Senior podcast producer - Annie Joyce
Interviews producer - Alys Bowen
Editors - Philly Beaumont and Paul Stanworth

In Kyiv, spooked by the threat of nuclear attack, Oksana’s close friend moves her family to western Ukraine.
Meanwhile, Ilyas finds hope in what he sees as desperate Russian measures.
And Seva is left astonished by conversations with fellow military personnel on the frontlines.

TIMECODES -

0.00 - Oksana
4.45 - Ilyas
8.07 - Seva

BACKGROUND -

Oksana, 35, works in overseas education. She lives with her husband, Seva, in an apartment complex in central Kyiv and has remained in the Ukrainian capital since the war started. 
Many of Oksana’s closest friends have left the country to begin new lives in Europe. Some may never return. She’s determined to stay.

Ilyas is an IT specialist and married father who fled from Kyiv to Lviv shortly after the war started. His wife Natalia, and two young sons are taking refuge in Poland.
As of September 2022, Ilyas is back living in the family apartment in Kyiv and working, in part, for the Ukrainian government on various IT projects.

Seva, 40, is a company CEO and husband to Oksana. Before the war, he travelled across Europe for business. Now, he makes regular supply drops of medical aid and rations to Ukrainian troops on the front line in Eastern Ukraine. He’s originally from a small village near Dnipro.

Ukraine War Diaries uses first-person audio, recorded on the ground in Ukraine, to give an intimate day-to-day perspective of life in a war zone.
 
EP26 diary entries were recorded using WhatsApp voice note.
 
From the producers of Sky News’ multi-award winning series – StoryCast.
 
Producer: Rob Mulhern
Editor: Paul Stanworth
Digital Promotion: David Chipakupaku

Liz Truss has spoken for the first time since her chancellor Kwasi Kwarteng’s “mini-budget” pushed the pound to an all-time low, prompted the International Monetary Fund to urge her to re-evaluate her policies and forced the Bank of England to bail out the economy for £65bn.

On the Sky News Daily, Niall Paterson speaks to Mel Stride, the Conservative chair of the Treasury select committee, about why he’s calling on the government to release the costings for its economic plan and Jon Craig, Sky News’ chief political correspondent, about the brewing civil war within the Tory ranks.

Editors - Philly Beaumont & Paul Stanworth
Podcast producer - Rosie Gillott
Interviews producer – Alys Bowen
Digital producer - David Chipakupaku

Since the government’s tax-cutting mini-budget last week, the pound has hit record lows against the dollar, mortgage providers have pulled hundreds of products and there has been damning criticism from the International Monetary Fund and an emergency intervention by the Bank of England.

Critics have accused Liz Truss, the prime minister, and Kwasi Kwarteng, the chancellor, of being “economically illiterate”.

On the Sky News Daily, Niall Paterson looks at the economic arguments and the market reaction. He’s joined by Sky News business presenter Ian King, Martin Weale, a former member of the Bank of England's Monetary Policy Committee, and Jane Foley, a senior strategist at Rabobank.

Producers: Soila Apparicio and Emma Rae Woodhouse
Interviews Producer: Alys Bowen
Podcast Promotion Producer: David Chipakupaku
Editors: Philly Beaumont and Paul Stanworth

In his speech to Labour conference, party leader Sir Keir Starmer declared this is a "Labour moment" just like in 1945, 1964 and 1997.

On the Sky News Daily, Niall Paterson is in Liverpool for the Labour Party conference speaking to John McDonnell, Emily Thornberry, Yvette Cooper, Lisa Nandy, Lucy Powell and Andy Burnham.

Plus, Niall gets Sky's deputy political editor Sam Coates's analysis on Sir Keir's speech.

Producers: Rosie Gillott & Soila Apparicio
Podcast Promotion Producer: David Chipakupaku
Editors: Philly Beaumont and Paul Stanworth