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.If you'd like to learn more, we have hundreds of history documentaries, ad-free podcasts and audiobooks at History Hit - subscribe to History Hit today!To download the History Hit app please go to the Android or Apple store.Complete the survey and you'll be entered into a prize draw to win 5 Historical Non-Fiction Books- including a signed copy of Dan Snow's 'On This Day in History'. Hosted on Acast. See acast.com/privacy for more information.