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The financial markets have been in turmoil since the chancellor, Kwasi Kwarteng, unveiled a big package of economic measures last Friday. Traders responded to the prospect of major tax cuts by selling the pound. The Bank of England then had to intervene to protect the UK's pension system.
What exactly is causing the financial instability and what might that mean for the British economy over the next few years?
Joining David Aaronovitch in The Briefing Room are:
Producers: Octavia Woodward, Daniel Gordon and Simon Watts
PHOTO: The Bank of England (Getty Images)
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The financial markets have been in turmoil since the chancellor, Kwasi Kwarteng, unveiled a big package of economic measures last Friday. Traders responded to the prospect of major tax cuts by selling the pound. The Bank of England then had to intervene to protect the UK's pension system.
What exactly is causing the financial instability and what might that mean for the British economy over the next few years?
Joining David Aaronovitch in The Briefing Room are:
Producers: Octavia Woodward, Daniel Gordon and Simon Watts
PHOTO: The Bank of England (Getty Images)
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