UK: Sky News' political editor Beth Rigby speaks to Liz Truss ahead of her first conference speech as Conservative Party

The transcript discusses the initial actions of a Prime Minister, including announcing tax cuts without a fiscal framework, leading to economic turmoil such as a bond buying program, a drop in the pound, and mortgage market disruptions. It highlights a significant lead for the opposition in polls and a subsequent policy U-turn. The transcript also addresses the challenges of high energy bills and potential inflation increases.

What was the immediate financial response by the Bank of England to the tax cuts?

• Emergency bond buying program

• Devaluation of the pound

• Introduction of new taxes

• Increased interest rates

What was one of the political outcomes following the economic decisions?

• A stable political environment

• An increase in public approval for the Prime Minister

• A significant lead for Labour in the polls

• A decrease in Labour's lead in the polls

What major policy action did the Prime Minister take after the initial economic decisions?

• Increased government spending

• Made a significant policy U-turn

• Implemented a new fiscal framework

• Announced further tax cuts

What was one of the economic challenges faced by families?

• Stable inflation rates

• Increased wages

• Decreased energy bills

• Energy bills up to 6000 pounds

How could inflation have been affected by the energy prices?

• It could have been unaffected

• It could have increased by 5%

• It could have remained stable

• It could have decreased by 5%