Before you listen to this episode of Macrodose, just a quick word from me on the show's future.

PTO's partnership with Macrodose is coming to an end, and today's episode is the last that you'll be

able to listen to via PTO, but the show will very much be continuing. So if you would still like to listen

to Jane's Midway's excellent weekly roundup of all things economic, be sure to subscribe to

Macrodose directly.

Just search for Macrodose wherever you listen to your podcast to sign up,

and also do check out their Patreon page at patreon.com forward slash macrodose,

where you can also access lots of bonus content.

You are now listening to Macrodotes. Macrodoze.

Macrodoze.

Hello and welcome to Macrodose, the podcast hosted by me, James Meadway, that brings you your weekly fix of everything economics and a quick, 15-minute roundup.

Each Wednesday morning, we bring you the key stories making the news and the analysis you need to make sense of them.

Before we get started with today's show, just a brief note to say thank you to everyone who's taken the time to support Macrodot's so far.

There are now thousands of you tuning in to our economics roundup each week, and we greatly appreciate each and every one of you.

But to keep this show going over the longer term, we need appreciate each and every one of you. But to keep

this show going over the longer term, we need a few more listeners to head over and subscribe to

the show on patreon.com. We're now approaching 100 monthly subscribers, so a big thank you to everyone

who signed up. To make the show sustainable over the longer term, we need to hit around 150

macrodose patrons every month.

And if we can get up to 250, we're going to start publishing a weekly newsletter that will go out

alongside the show, summarising some of the key takeaways of the week. If you head over to

Patreon, subscribers have access to all our macrodose extra content, including the full-length

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