The Bank of England's Intervention in the Bond Markets

The financial markets have been in turmoil since the chancellor, Kwasi Kwarteng, unveiled a big package of economic measures last Friday. Traders responded to the prospect of major tax cuts by selling the pound. The Bank of England then had to intervene to protect the UK's pension system.

What exactly is causing the financial instability and what might that mean for the British economy over the next few years?

Joining David Aaronovitch in The Briefing Room are: Dharshini David, BBC Economics Correspondent. Toby Nangle, Economics commentator and former asset fund manager. Martin Weale, Professor of Economics at King’s College, London. Chris Giles, Economics Editor of the Financial Times. Stephanie Flanders, Senior Executive Editor for Economics at Bloomberg.

Producers: Octavia Woodward, Daniel Gordon and Simon Watts Editor: Richard Vadon Sound Engineer: Neil Churchill Production Co-ordinators: Siobhan Reed and Helena Warwick-Cross

PHOTO: The Bank of England (Getty Images)