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 GillottDigital producer - David ChipakupakuEditor - Philly Beaumont