The British economy is in freefall and neither the Prime Minister nor the Chancellor are anywhere

to be seen. The equivalent of hiding in a fridge while the markets are crashing. So what

the hell is going on? I'll be speaking to an economist and former city trader to find out

also tonight. Labour are 17 points ahead in the polls, but what kind of Prime Minister would

care Starmer B, will decode his conference speech? I'm joined by Dahlia Gebriel back from Liverpool.

How are you doing? I'm doing really well. I always feel better when I come back from Liverpool.

It's an amazing city, but I have to say the drop in temperature has got me like really,

really screwed up. I hate it. I don't belong in these climate. I was not meant for this.

I need to send a couple of emails and get myself some Navara branded sweatshirts because

the other studio is also getting pretty chilly. The reaction to quasi-quarteng's mini-budget could

hardly have been worse. First, the pound collapsed and the cost of borrowing soared, then the American

and German treasuries expressed their disquiet before the IMF joined in. And now the Bank of England

has had to make the emergency announcement that it will directly buy government debt in order to

avoid market collapse. So what does it all mean? All quite confusing. Let's start with the

statement from the International Monetary Fund, so they are the organisation tasked with maintaining

international financial stability. They said this, we are closely monitoring recent economic

developments in the UK and are engaged with the authorities. Given elevated inflation pressures

in many countries, including the UK, we do not recommend large and untargeted fiscal packages

at this juncture, as it is important that fiscal policy does not work at cross purposes to monetary

policy. The nature of UK measures will likely increase inequality. The November 23rd budget will

present an early opportunity for UK government to consider ways to provide support that is more

targeted and re-evaluate the tax measures, especially those that benefit high income earners.

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