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

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.Podcast listeners can subscribe to the New Statesman for just £1 a week for 12 weeks using our special offer. Just visit newstatesman.com/podcastoffer.LISTEN AD-FREE:📱Download the New Statesman appMORE FROM THE NEW STATESMAN:❓ Ask a question – we answer them every Friday⏰ Get our daily politics newsletter every morning✍️ Enjoy the best of our writing via email every Saturday Hosted on Acast. See acast.com/privacy for more information.