Podcasts Other The Briefing Room Turmoil on the markets

Turmoil on the markets

Published: Sept. 29, 2022, 7:30 p.m.

b"

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:\\nDharshini David, BBC Economics Correspondent.\\nToby Nangle, Economics commentator and former asset fund manager.\\nMartin Weale, Professor of Economics at King\\u2019s College, London.\\nChris Giles, Economics Editor of the Financial Times.\\nStephanie Flanders, Senior Executive Editor for Economics at Bloomberg.

Producers: Octavia Woodward, Daniel Gordon and Simon Watts\\nEditor: Richard Vadon\\nSound Engineer: Neil Churchill\\nProduction Co-ordinators: Siobhan Reed and Helena Warwick-Cross

PHOTO: The Bank of England (Getty Images)

"