VAT Rise and Macroeconomic Consequences

Day 1,317.

Today, as Donald Trump reportedly provides Ukraine with intelligence for long-range missile strikes against Russia, we assess just how serious the economic situation is becoming amid reports of gas shortages. Then, as European leaders join President Zelensky in Copenhagen, we hear about the new 'drone wall' and how Moscow has upgraded its missiles to better evade Patriot air defense systems.

Contributors:

Francis Dearnley (Executive Editor for Audio). @FrancisDearnley on X.

Dominic Nicholls (Associate Editor of Defence). @DomNicholls on X.

James Kilner (Foreign Correspondent). @jkjourno on X.

BOOK NOW: 'UKRAINE: THE LATEST' LIVE, IN-PERSON:

Join us for an in-person discussion and Q&A at the distinguished Honourable Artillery Company in London on 22nd October at 7pm.

Our panel includes General Sir Richard Barrons, former head of UK Joint Forces Command and latterly one of the authors of Britain’s Strategic Defence Review, and Orysia Lutsevych, head of the Ukraine Forum at the Chatham House think tank. Tickets are open to everybody and can be purchased at: https://www.squadup.com/events/ukrainelive

They are going fast, so don't delay!

SIGN UP TO THE ‘UKRAINE: THE LATEST’ WEEKLY NEWSLETTER:

http://telegraph.co.uk/ukrainenewsletter  

Each week, Dom Nicholls and Francis Dearnley answer your questions, provide recommended reading, and give exclusive analysis and behind-the-scenes insights – plus maps of the frontlines and diagrams of weapons to complement our daily reporting. It’s free for everyone, including non-subscribers.

CONTENT REFERENCED:

Adelie’s interview with mother of Ukrainian child adopted by Putin ally:

Apple: https://podcasts.apple.com/us/podcast/nato-and-russia-edge-closer-to-standoff-exclusive/id1612424182?i=1000728072996

Spotify:

https://open.spotify.com/episode/5qaTQOZyq5jVUK1B2U7Cqh

US ‘to provide Ukraine with intelligence for long-range strikes in Russia’ (The Telegraph):

https://www.telegraph.co.uk/us/news/2025/10/02/us-ukraine-intelligence-long-range-strikes-russia/

Russian missile upgrade outpaces Ukraine’s Patriot defences (Financial Times):

https://www.ft.com/content/078b8e70-a58c-47cc-b573-598850dd5685 

Baltic Defences Compared (Eesti Ekspress):

https://ekspress.delfi.ee/artikkel/120403794/baltic-defences-compared-the-enemy-is-the-same-but-the-preparations-and-considerations-very-different

Ukraine hacks Crimea proxy head, uncovers child abduction files, intelligence source says (Kyiv Independent):

https://kyivindependent.com/ukraine-hacks-crimea-proxy-uncovers-child-abduction-files/

LISTEN TO THIS PODCAST IN NEW LANGUAGES:

The Telegraph has launched translated versions of Ukraine: The Latest in Ukrainian and Russian, making its reporting accessible to audiences on both sides of the battle lines and across the wider region, including Central Asia and the Caucasus. Just search Україна: Останні Новини (Ukr) and Украина: Последние Новости (Ru) on your on your preferred podcast app to find them. Listen here: https://linktr.ee/ukrainethelatest

Subscribe: telegraph.co.uk/ukrainethelatest

Email: ukrainepod@telegraph.co.uk

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