Ahead of a crucial budget by Chancellor Rachel Reeves, the UK’s national debt is at almost 100 per cent of GDP - and it's not alone. Many G7 economies face massive debt levels, restricting ambitions when it comes to foreign policy and global engagement. Bronwen Maddox is joined by Patrick Wintour, the Guardian’s Diplomatic Editor and Ranil Dissanayake, a Senior Research Fellow at the Centre for Global Development. With them are Olivia O’Sullivan and David Lubin from Chatham House.

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Presented by Bronwen Maddox. Produced by John Pollock.

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