Podlitical - Pound, Pounded
Financial markets remain rattled nearly a week after the Chancellor's 'mini-budget', but Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are sticking to their guns on their economic announcements, saying international pressures have had an impact on its reception. As the Bank of England intervenes by buying bonds, what does the current economic turmoil mean for pensions and mortgages, and what are the knock-on effects for Scotland? As Labour come off a conference high, what does this weekend's Tory conference have in store for the Prime Minister? Mairi Spowage, Director of the Fraser of Allander Institute at the University of Strathclyde joins the team to explain some of the mechanisms behind what's happening.
Published on Thursday, 29th September 2022.
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