here is trevor adams. plenty more opportunities over the next couple of days to hear analysis of, and reaction to, rishi suna k‘s statement. particularly active on—air, as you would expect, was the bbc‘s economics editor, faisal islam. today's forecasts show that the economy is set to shrink by over 11% this year. a three—century record, before recovering more slowly from next year. that means an annual increase in borrowing only seen during world wars, nearly £400 billion, i9% of the size of the national economy. a staggering figure, yet the interest bill to pay for it is also tumbling. not everyone finds it easy to get their heads around those numbers, notjust because they are so large, but because, in the case of a spending review or budget, there are simply so many of them. and as a report released by office office of national statistics on wednesday found, a large proportion of people lack a basic understanding of economics statistics, such as employment figures, or the deficit, and also mistrust offi

here is trevor adams...pending review budget, there are simply so many them. and as the report released by them. and as the report released by the office of national statistics on wednesday found, a large proportion of people lack a basic understanding of people lack a basic understanding of economic statistics such as employment figures or the deficit and also mistrust official data. that is one of the challenges faced by faisal islam who joins me now from our camera position upstairs in the newsroom. welcome to newswatch. evenif the newsroom. welcome to newswatch. even if we are not in a pandemic, the spending review would be a huge task for you to process and explain, can you briefly talk us through how you go about doing that? in the days running up to it, we obviously try and scope out exactly what the broader parameters and exactly how much is going to be spent. you tend to get quite a lot of it pre— announced by the treasury, a mixture of lea ks, unauthorised, announced by the treasury, a mixture of l