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Sir Keir Starmer has called for a recall of parliament to discuss the financial market turmoil following Friday’s mini-budget.

Speaking to reporters, the Labour leader said the move by the Bank of England to launch a temporary bond-buying programme to prevent “material risk” to UK financial stability was “very serious”.

Politics Hub: ‘Growing movement’ for chancellor to quit

Sir Keir said: “I think many people will now be extremely worried about their mortgage, about prices going up, and now about their pensions.

“The government has clearly lost control of the economy.

“What the government needs to do now is recall parliament and abandon this budget before any more damage is done.”

Parliament is in recess because of the Labour and Tory party conferences, and the decision for a recall lies with Prime Minister Liz Truss.

More on Keir Starmer

PM under pressure after Bank’s extraordinary move

The PM been facing international pressure to change course after Friday’s budget sent the pound crashing to record lows against the dollar and triggered mortgage lenders to withdraw their offers.

Then, in an extraordinary move today, the Bank of England took emergency action to prop up the economy.

It revealed that it would buy as many long-dated government bonds as needed between now and 14 October in a bid to stabilise financial markets.

Bank’s ‘nearly unthinkable’ intervention – economy latest

In addition to the plunge in the value of the pound, it has also seen investors demand a greater rate of return for UK government bonds – essentially IOUs.

That is because the level of borrowing required to fund the government giveaway, including tax cuts and energy aid for households and businesses, shocked the market, which immediately questioned the sustainability of public finances.

The Lib Dems and SNP have also demanded a recall of parliament, while a growing number of Tory MPs have been criticising the government’s economic plans.

Read more:
Ed Conway on the Bank’s extraordinary response
IMF warns UK mini-budget will ‘likely increase inequality’

Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng during a visit to Berkeley Modular in Northfleet Kent, to coincide with the Government's new Growth Plan. Picture date: Friday September 23, 2022.
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Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are facing pressure to change course

‘Inept madness can’t go on’

Simon Hoare, Tory MP for North Dorset and chair of the Northern Ireland Select Committee, said: “In the words of Norman Lamont on Black Wednesday: ‘Today has been a very difficult day’.

“These are not circumstances beyond the control of Govt/Treasury. They were authored there. This inept madness cannot go on.”

Meanwhile, a former minister told Sky News that there is a “growing movement” for Chancellor Kwasi Kwarteng to step down.

“The mainstream majority think we have crossed the Rubicon,” they said.

But another former minister tried to pour water on the flames.

They said: “It is inevitable the markets would react to a changing direction in economic policy. They will settle.”

Mr Kwarteng held a meeting with investment bankers this morning to try to reassure them.

He said he was committed to “fiscal discipline”, and that he was working closely with the Bank’s governor and the Office for Budget Responsibility.

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US pausing military aid is ‘betrayal’ to those defending Ukraine, soldier tells Sky News

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US pausing military aid is 'betrayal' to those defending Ukraine, soldier tells Sky News

It “cuts my heart” and is a “betrayal”.

This was the response of a Ukrainian soldier in a frontline combat regiment directly affected by Donald Trump’s decision to pause US military support to Ukraine.

Serhii, 45, maintains a unit of US-supplied Bradley infantry fighting vehicles that are defending an area of eastern Ukraine from attacking Russian forces.

The halt to American military aid – if sustained – means there will be no new ammunition and no ability to repair any of the vehicles when they are damaged – a constant risk.

Ukraine war latest: Follow live updates

On a recent mission by the 425th Storming Regiment “Skala”, three Bradleys went into battle towards the direction of the city of Pokrovsk, an area of heavy clashes.

Only two returned after the other was hit by the Russian side.

Soldiers on Ukraine's frontline
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Troops said it would be for Ukraine to defend their land without US military support

“It’s going to be very hard,” Serhii said, standing next to a large Bradley, covered by a camouflage net and tucked under a line of trees in the Donetsk region.

“These vehicles are really good. You can fight back with them. And not just defend, you can even advance. It’s a shame we didn’t have this equipment two or three years ago.”

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Trump pauses military aid to Ukraine – what now?

The regiment has been using Bradleys for a number of months. Serhii is the lead mechanic.

The tracked vehicles, armed with a chain gun that can fire 200 rounds per minute, were first developed in the 1980s but have been fitted with modern reactive armour that means they can survive drone strikes, rocket attacks and the shrapnel from artillery rounds.

“The vehicle’s protection… is fantastic,” Serhii said, with clear admiration for the equipment compared with Soviet-era fighting vehicles that many Ukrainian troops have to use.

A US-supplied Bradley infantry fighting vehicles
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Soliders said the Bradley infantry vehicles are good for advancing, not just defence

A US-supplied Bradley infantry fighting vehicle covered in camouflage

He said the crew of one of his Bradleys was hit by two rocket-propelled grenades but was able to continue driving and was unharmed.

Serhii, who comes from the Donetsk region, said he felt betrayed by Mr Trump’s decision to halt such crucial support.

The US president ordered the move as he attempts to put pressure on Ukrainian President Volodymyr Zelenskyy to negotiate a ceasefire deal with Russia.

“Although I’m not a politician, it’s a betrayal for us, for the guys who are defending Ukraine,” the soldier said.

Inside a US-supplied Bradley vehicle
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Inside a US-supplied Bradley vehicle

Asked how he felt when he heard the news about the US president’s decision, Serhii said: “The latest news cuts my heart, I can answer you that way. It cuts my heart… If politicians solve issues this way, just by halting weapons supply in one move, that’s criminal.”

He signalled it would be harder for Ukrainian troops to defend their land without the US military support – but they would still fight.

“Even without this weapon, we believe we will move forward,” he said.

“They [the Russians] have to retreat, no matter what. The guys didn’t take up arms here for nothing, and they stand together. Together, all of us, as one, will defeat this enemy.”

A US-supplied Bradley infantry fighting vehicles

As for whether he had a message for Mr Trump, the soldier said: “Don’t stop military aid. Politics is politics, but the people, I believe, are the most important.

“It will be very hard for us without such equipment. This equipment is good; it allows us to show results. And we will keep showing them. We’ve shown them before and we will keep showing them. That’s how it is. Thank you.”

Fighting ‘for my motherland’

Ukrainian soldier Sedoi
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Soldier Sedoi said he is ‘tired’ of the war

Sky News watched as two crews prepared their fighting vehicles for a potential mission on Thursday evening.

Sedoi, 41, commands one of the Bradleys and operates the gun.

He said the American-supplied vehicle gives him confidence when he goes into battle – and was also likely a scary prospect for Russian troops to have to encounter.

“We make a lot of noise. Everything catches fire and burns… It’s a good vehicle,” he said.

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Will Kyiv fall without US support?

Sedoi said he did not have a reaction to the news about the halt to American military support, saying: “I don’t get involved in their politics.”

However, he signalled he did want an end to the war – even if it meant Russia keeping some of the land it has seized.

“Let it end, so people stop dying. Because a lot of people have died,” he said.

Read more:
Russia has ‘all the cards’ in negotiations
Russia ‘appears to have ignored Trump warning’

Recently recovered from a shrapnel wound, Sedoi said he volunteered to fight after Vladimir Putin launched his full-scale war more than three years ago because of Russia’s brutality.

“I’ve heard what they do when they enter villages, what they do with children and women… I don’t want them to go any further… That’s why I’m here.

“But, to be honest, I’m getting tired of it.”

Yet still he and his fellow soldiers battle on. Asked why he was fighting, the soldier said: “For my motherland.”

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Russia ‘appears to have ignored Trump warning’ after deadly strike on Ukrainian town

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Russia 'appears to have ignored Trump warning' after deadly strike on Ukrainian town

A warning by Donald Trump to Vladimir Putin to stop “pounding” Ukraine or else, appears to have fallen on deaf ears after another night of devastating Russian strikes.

The persistent pummelling of Ukrainian towns and cities also follows a decision by the US president to stop sharing American intelligence and weapons with Kyiv – a move that is directly hampering the Ukrainian military’s ability to defend their skies from the Russian onslaught.

In the deadliest attack overnight, at least 11 people were killed and 30 wounded, including five children, in the town of Dobropillia, about 15 miles from the frontline in the Donestsk region of eastern Ukraine.

Ukraine war latest: Follow live updates

The Ukrainian police service said a Russian ballistic missile, rockets and attack drones hit eight multi-storey buildings as well as a shopping centre and dozens of cars.

Firefighters work at the site of a residential area hit by a Russian military strike, amid Russia's attack on Ukraine, in the town of Dobropillia, Donetsk region, Ukraine March 8, 2025. Press service of the State Emergency Service of Ukraine in Donetsk region/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.
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Firefighters work at the site of the strike. Pic: Reuters/State Emergency Service of Ukraine

Firefighters work at the site of a residential area hit by a Russian military strike, amid Russia's attack on Ukraine, in the town of Dobropillia, Donetsk region, Ukraine March 8, 2025. Press service of the State Emergency Service of Ukraine in Donetsk region/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.
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Pic: Reuters/State Emergency Service of Ukraine

“Some buildings were burnt down almost completely,” the national police of Ukraine said in a post on its Telegram social media channel.

Another three civilians were killed and seven injured in a drone attack on the Kharkiv region in the northeast of the country, according to a separate post by the interior ministry.

Map showing areas of Ukraine - marking which parts are under Russian control

Just hours earlier, the US president posted a warning to the Kremlin on social media.

“Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am strongly considering large-scale banking sanctions, sanctions, and tariffs on Russia until a cease fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED,” he wrote.

“To Russia and Ukraine, get to the table right now, before it is too late. Thank you!!!”

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Trump: ‘Ukraine difficult to deal with’

Kyiv will be watching closely to see whether Moscow’s continuing attacks will prompt Mr Trump to carry out his threat.

Ukrainian President Volodymyr Zelenskyy has been in crisis mode ever since Mr Trump returned to office and started attacking his record on the war, falsely calling him a dictator and even claiming – again erroneously – that Ukraine was to blame for Russia’s invasion.

Sky News on the ground in Dobropillia 24hrs before strike


Deborah Hayes

Deborah Haynes

Security and Defence Editor

@haynesdeborah

A Sky News team was in Dobropillia 24 hours before the attack – stopping off to grab food at a pizza restaurant that was close to the site of at least two of the incoming strikes.

The restaurant is on a road of shops, including a clothes store and a small grocery outlet.

The town, which used to be home to 28,000 residents before Russia’s full-scale war, feels far more battle-hardened than areas further away from the frontline.

Fighting has been raging for months between invading Russian forces and Ukrainian troops, just over a dozen miles away, around the city of Pokrovsk.

Despite the closeness of the war, however, many civilians, including children, still live in Dobropillia.

In the most significant blow, Washington has paused the sharing on intelligence with its Ukrainian partners, instantly making it far harder for Ukraine to have a clear picture on the movement of Russian forces and weapons, while also hampering the ability of the Ukrainian armed forces to effectively conduct targeting attacks against Russian positions.

Read more:
The most significant part of Zelenskyy’s olive branch to Trump
Would the world be more peaceful if women were in charge?

A decision to stop the flow of military support to Ukraine will also have a huge impact on the country’s ability to keep defending itself.

The US has been Kyiv’s largest and most important supplier of arms, including the Patriot air defence system – the only piece of equipment in Ukraine’s arsenal that has the ability to take down ballistic missiles.

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Police giving update on death of Gene Hackman and wife Betsy Arakawa

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Police giving update on death of Gene Hackman and wife Betsy Arakawa

Authorities are about to reveal more details about their investigation into the deaths of Gene Hackman and his wife, Betsy Arakawa, in a news conference.

The couple were found dead in their New Mexico home on 26 February, along with one of their pet dogs. Police have previously said there were no apparent signs of foul play.

Hackman, who was widely respected as one of the greatest actors of his generation, was a five-time Oscar nominee who won the best actor in a leading role for The French Connection in 1972 and best actor in a supporting role for Unforgiven two decades later.

Click the video above to watch the news conference, which is set to take place from 9pm.

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