Andy Verity, Economics Correspondent for BBC News, discusses revelations from his book on the LIBOR scandal. The interview includes recordings of whistleblower Peter Johnson, highlighting widespread underreporting of borrowing costs. Verity argues that central bankers and bank CEOs encouraged the rigging. The podcast explores manipulation of LIBOR rates, involvement of higher-ups, government interference, and the lack of accountability. It also discusses the relationship between the justice system and politics, the unpredictable future of interest rates, and the challenges of predicting risks.

BBC correspondent Andy Verity explains austerity and why it's ending now. Economists Vicky Pryce and Ryan Bourne debate if austerity was successful. With UK returning to more spending, Alberto Gallo urges wise spending decisions.