This Sunday were lied from the home of smart energy use three Akasha drive and Dave Davo peck them off to a

Floyer bat cooking next week's meals off night nutmeg and now the washing machines on then straight into the

hiding. Please see for the home side thanks to the hard price electricity

Brim British gas full-time Davos saved it all for Sunday. Now we can enjoy the football

Get half-pressed electricity every Sunday with British gas peak safe Sunday's

Elements of four ends 24th of September season C's apply smart meat to required.

Good morning. Welcome next year's today. It's Tuesday September 27th. I'm Nailibu. Here's what we're covering today Russian anger keeps

growing in response to Putin's draft plus NASA takes on an asteroid. But first global economic deja vu. That's today's one big thing.

The British pound has hit an all-time low against the US dollar and when we say all-time low, I mean since the

1790s on Monday the pound was one dollar in three cents. That's just one sign that this moment feels

eerily similar to 2007 at the beginning of the Great Recession. But as Exeos' Felix Salmon and

Courtney Brown tell us that doesn't mean we're facing the same economic catastrophe now. They're here to go deeper into all of this.

Hi Felix. Hi Courtney. Good morning, Nana. Thank you for having me. Felix first. Can you explain why the British pound is down more than 20%

against the dollar just this year? Britain is a small and fragile country. Nailibu and I say this as a Brit. It kind of cuts

itself off from Europe. That was its big anchor in 2020 when it finally did Brexit and now it has nothing keeping it

afloat when you have a crazy economic policy like they just announced big tax cut which was going to hugely

expand the amount of money that the government needs to borrow. There's no obvious way that they can

pay for it. There's huge bills coming due and that's what financial markets do when countries

kind of lose track of their finances and lose control of their finances is the markets just

mark down the currency and that's exactly what's happened in the UK. So how significant is it that

financial markets reacted to the UK as if it was basically a developing country's economy rather than

the six largest in the world? I think it's very significant. I think it really drives

...