The value of the pound nose-dived to its lowest level in 168 years this week as the money markets took fright at the government’s harsher tone on its plans for Brexit. With little detail spelled out, there was also little reassurance for investors that the UK was determined to stay within the European single market and customs union. We hear from former business secretary Sir Vince Cable who says the pound has been overvalued for too long, but admits the crash will leave people poorer. Joining Heather Stewart to discuss it all are economics editor Larry Elliott, columnist Rafael Behr and the IPPR’s Catherine Colebrook. Also this week: we hear from former Labour leader Ed Miliband who has been leading calls for parliament to have a full role in the Brexit process.

Source: The Guardian October 13, 2016 14:48 UTC