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Welcome to the briefing room with me, David O'Ronovich.

You, me, the top experts, a big issue and 28 minutes,

all brought together in the virtual space that is the briefing room.

This week, the British economy, what just happened and what's

going to happen next? Last week on the briefing room, we looked at the long-term challenges

for the British economy and how we might solve its entrenched productivity problem. This

week, we're going to look at the short-term prospects for the UK

in the light of the turmoil that's followed the Chancellor's unofficial budget last Friday.

What exactly is causing the instability in the financial markets

and what might that mean for our economy over the next few years?

Step into the briefing room and together we'll find out.

First into the briefing room is the BBC's economics correspondent, Darshini David.

Dershini David, let's recap.

Remind us what was the aim of the government's Friday package and what the strategy was behind it.

The so-called mini budget was anything but mini, £45 billion worth of tax cuts.

And that was geared primarily to boosting growth. We know that the Chancellor, Kwazi Qateng, has talked about wanting growth on average to be around 2.5%.

Doesn't sound that big, but this is something that previous chancellors have already tried to do time and time again.

Few have achieved it in recent decades, particularly since the financial crisis.

And this was, if you like, the kind of

one part of it and there was going to be more on what they call the supply side in order to get

to growth. There was indeed. Now, we had two parts of this, mainly focused on the demand side,

...