Kate Andrews, The Spectator’s economics editor, speaks to Emma Ashford, a senior research fellow at the Atlantic Council’s Scowcroft Center, and Spectator contributor Ian Williams.

On the rest of the show, our political team, Katy Balls and James Forsyth, discuss Sue Gray’s report and Rishi Sunak’s announcement of more money to help with the cost-of-living crisis. We also have a sneak preview of tomorrow’s Women With Balls episode – a discussion with Facebook whistleblower Frances Haugen. Rod Liddle talks to Kate about his new favourite distraction: Bubbleshooter.

This episode is sponsored by Canaccord Genuity Wealth Management.