How worrying is the falling pound?

Following Chancellor, Kwasi Kwarteng's 'mini' budget, the pound has fallen to a record low against the dollar, fueling speculation that the Bank of England will hike interest rates. How worrying are these figures?

'I think the pound falling is a bit of a distraction from the real problem' - James Forsyth

Katy Balls speaks to Kate Andrews and James Forsyth.

Produced by Natasha Feroze