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Inside Liz Truss and Kwasi Kwarteng’s economic meltdown, with David Gauke and Duncan Weldon

Settling the financial markets will require some painful political medicine.

With the cost of debt rising and the pound still falling, just how much damage has the Conservatives’ mini-Budget done to the economy?

To unpick what’s going on, Anoosh Chakelian is joined by David Gauke, who was work and pensions secretary and chief secretary to the Treasury under Theresa May, and by the economist and author Duncan Weldon, along with the New Statesman’s business editor, Will Dunn.

They discuss why the markets reacted so badly to the Chancellor’s statement on 23 September, what the subsequent Bank of England intervention actually did, and what the impact of all of this might be on ordinary voters as well as the electoral prospects of the Tory party.

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Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via saturdayread.substack.com The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via morningcall.substack.com Our Thursday ideas newsletter, delving into philosophy, criticism, and intellectual history. The best way to sign up for The Salvo is via thesalvo.substack.com Stay up to date with NS events, subscription offers & updates. Weekly analysis of the shift to a new economy from the New Statesman's Spotlight on Policy team. The best way to sign up for The Green Transition is via spotlightonpolicy.substack.com
  • Administration / Office
  • Arts and Culture
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  • Business / Corporate Services
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  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
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  • Operations Management
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  • Printing, Design, Publishing, Web
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  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
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Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
THANK YOU