The Budget: Britain’s Financial Crisis Explained

Rising interest, cost of living crisis, energy prices at an all-time high- is Britain's precarious financial situation the fault of policymakers or global forces? On the day the chancellor reveals the Autumn budget Dan and Dr Charles Read, economic historian and fellow at the University of Cambridge make sense of how Britain got here. They break down gilts, bonds and interest rates, how voters swing toward extreme parties in the wake of the financial crisis, and what lessons Kwasi Kwarteng should have taken from the Whig party's mistakes during the Great Potato Famine in the 1840s, as he made his disastrous mini-budget.

Dr Charles Read's new books are called 'The Great Famine in Ireland and British Financial Crisis' and 'The Carry Trade, the Banking School and British Financial Crises since 1825'

This episode was produced by James Hickmann and edited by Dougal Patmore.

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