Nuclear subs, SVB crash & boys in crisis – The Week in 60 Minutes

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Published Mar 17, 2023

David Miles, from the Office for Budget Responsibility, says that, despite the collapse of Silicon Valley Bank and worries about Credit Suisse, there’s reason to be confident in the banking system:

‘Just before the global financial crisis, banks in the UK held reserves of a bit less than £30bn. There was virtually nothing in the system. That’s why in 2008, when people panicked, it was a crisis immediately. Banks now have £900bn.’ – David Miles

On the rest of the show, deputy features editor Gus Carter and writer Nina Power discuss why men are in crisis, Economist defence editor Shashank Joshi and China expert Eyck Freymann look at whether Aukus can deter China from invading Taiwan, and contributor Cosmo Landesman explains why he used to pretend to be working class.

// THIS EPISODE
00:00 – Welcome from Katy Balls
01:32 – Hunt's budget & SVB's collapse, with Kate Andrews and David Miles
18:37 – Why are boys in crisis? With Gus Carter and Nina Power
35:34 – Will Aukus work? With Eyck Freymann and Shashank Joshi
53:01 – Why pretend to be working class? With Cosmo Landesman

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