麻豆社

In a time of sluggish economic growth, the favourite way of squaring the circle of spending more but not increasing taxes is to borrow - and we have.

Keeping everybody鈥檚 lights on during the pandemic and homes heated after the Russian invasion of Ukraine has helped send our national debt up from 拢1.8 trillion to 拢2.8 trillion in recent years.

But the question for the chancellor Rachel Reeves is how much more debt we can afford - and how much more debt do the markets think we can afford?

So what鈥檚 the answer to that?

Guests:

Duncan Weldon, economist and author of 'Two Hundred Years of Muddling Through'
Mehreen Khan, economics editor of The Times
Chris Giles, economics editor of The Financial Times

Producers: Ben Carter, Kirsteen Knight and Sally Abrahams
Productions co-ordinator: Maria Ogundele
Sound engineer: Neil Churchill
Editor: Richard Fenton-Smith