Support 110 years of independent journalism.

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.

Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday - from the New Statesman. The New Statesman's quick and essential guide to the news and politics of the day. Stay up to date with NS events, subscription offers & updates.
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • 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
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
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.

How to listen to the New Statesman Podcast

1. In your browser

You can use the player above to listen in your browser right now. The subscriber edition of the New Statesman Podcast is published here every Monday and Thursday. Why not bookmark this page? You can come back for new episodes twice a week.

2. In a podcast app

The public feed of the New Statesman Podcast is available on all major podcast apps including Apple Podcasts, Spotify, Acast, Google Podcasts, and more. It publishes a day later than this subscriber edition. Search “New Statesman Podcast” in your favourite podcast app.

3. On your smart speaker

If you have an Amazon Echo, Google Home or Apple HomePod smart speaker, ask it to “play the latest episode of the New Statesman Podcast“. This will play the latest episode in the public feed. The same command also works with virtual assistants on mobile devices.

Content from our partners
Why collaboration is the key to growth
How AI can help unleash employee potential
How Registers of Scotland modernised the world’s oldest land register