Today Andy Silvester talks to City A.M.'s Economics and Markets reporter Jack Barnett. They go through the gloomy economic figures released by the ONS this morning measuring the economy's performance, and explain what this will mean for rate hikes going forward.

And in the news: BT has confirmed a joint sports venture with Warner Bros Discovery, MPs have called for a crackdown on dirty money, and Volkswagen has stated that it will build 800,000 electric vehicles worldwide by the end of 2022.