Can Chancellor John Healey avoid big tax rises?

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The Labour Party conference enters day two under the shadow of a suspected terror plot at RAF Fairford and whether the Iranians were involved.

As Donald Trump offers his account, Sam Coates and Anne McElvoy examine the conflicting versions of events, the emerging security concerns around the Gloucestershire airbase and the political reaction.

Meanwhile in Liverpool, the chancellor takes centre stage, but why is he keeping a low profile?

Sam and Anne discuss the building economic tensions between Number 10 and the Treasury on the approach to the economy, investment and fiscal rules.

Plus, with John Healey's headroom getting squeezed further, how much appetite is there within Labour for another big tax-raising budget?

(c) Sky News 2026: Can Chancellor John Healey avoid big tax rises?