As the UK's bond market has suffered its biggest fall in decades and the pound has reached its lowest ever price against the US dollar, Dan talks to Dr Nuno Palma, a senior lecturer and associate professor in economics at the University of Manchester about the Bank of England. Dr Palma explains its historical role in Britain's imperial expansion and the industrial revolution and now how it's fighting to keep the British economy from the precipice.

This episode was produced by Beth Donaldson, the audio editor was Dougal Patmore.

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