17. Did the government tank the economy to line the pockets of the hedge funds? With Duncan Weldon
It’s a *Special Topical Episode* this week, as we look at whether Kwasi Kwarteng’s recent mini-budget was done to specifically tank the British economy and make millions for the hedge funds. We know that Kwarteng sipped champagne with various hedge fund managers after his now infamous announcements, which begs the question, were the Tories in bed with the hedge funds all along?
To help unpack this fiscal dilemma, James and Jol are joined by economist, journalist, and all round clever clogs Duncan Weldon, formerly of The Bank of England, The Economist, and BBC’s Newsnight.
And if you’re confused as to why the Bank of England had to intervene to clear up the government’s mess, why the markets completely lost faith in Kwarteng’s vision, or why the British economy has become 'The Vibes Economy', then this is the episode for you.
Duncan’s book ‘Two Hundred Years of Muddling Through: The surprising story of Britain's economy from boom to bust and back again’ is out now, and you can subscribe to his ‘Value Added’ Substack now.
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