We read the papers so you don’t have to. Today: So much waste, man. The papers reveal Sunak’s government has wasted over £100 billion. Who owns the news… Is Abu Dhabi about to buy the Telegraph? Plus – Coked up! Pablo Escobar’s pet hippos are causing trouble in Columbia.

Miranda Sawyer is joined by journalist Jonn Elledge of the New Statesman and comedian Ian Smith of the Northern News Podcast.

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Written and presented by Miranda Sawyer. Audio production: Robin Leeburn. Production: Liam Tait. Assistant Production: Adam Wright. Design: James Parrett. Music: Simon Williams. Socials: Jess Harpin. Managing Editor: Jacob Jarvis. Exec Producer: Martin Bojtos. Group Editor: Andrew Harrison. PAPER CUTS is a Podmasters Production

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Tories waste £100 billion – plus Pablo Escobar’s cocaine hippos