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Rob Paston

๐Ÿ‘ค Speaker
163 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
283. Does the UK need to be rich?

Just the final sort of big question before we drill down into individual policies.

The Rest Is Money
283. Does the UK need to be rich?

There's a lot of talk at the moment that the country is ungovernable, right?

The Rest Is Money
283. Does the UK need to be rich?

It's become a big debate given the crisis that this government is going through, essentially whether the prime minister can survive.

The Rest Is Money
283. Does the UK need to be rich?

Is there just a fundamental problem that any genuine restructuring that has to be done โ€“

The Rest Is Money
283. Does the UK need to be rich?

It has two qualities.

The Rest Is Money
283. Does the UK need to be rich?

One is it's going to divide MPs and possibly to such an extent that you're not going to get it through Parliament.

The Rest Is Money
283. Does the UK need to be rich?

And second, that almost everything you need to do, you can't do within one Parliament.

The Rest Is Money
283. Does the UK need to be rich?

And therefore the electoral cycle just makes it almost impossible to fix the country in the way that you would want.

The Rest Is Money
283. Does the UK need to be rich?

And I'm reminded, I guess...

The Rest Is Money
283. Does the UK need to be rich?

Perhaps the biggest thing that you did, which is you did two National Insurance Cuts at a cost of 20 billion.

The Rest Is Money
283. Does the UK need to be rich?

I would argue that if you had done those as a way of basically reorienting the costs of employing people, cutting those costs, but then raising money elsewhere, possibly through a change in asset taxation of some sort, that would have been a really radical reform for a chancellor to make.

The Rest Is Money
283. Does the UK need to be rich?

But actually, it was just an electoral bribe.

The Rest Is Money
283. Does the UK need to be rich?

And, you know, you talk a lot about getting debt under control.

The Rest Is Money
283. Does the UK need to be rich?

And it's obviously important to get under control.

The Rest Is Money
283. Does the UK need to be rich?

But those two cuts did the opposite of that.

The Rest Is Money
283. Does the UK need to be rich?

But, you know, my answer to... Yeah, but you cut the headroom to the bare minimum.

The Rest Is Money
283. Does the UK need to be rich?

Paul would agree that the second one was totally unaffordable.

The Rest Is Money
283. Does the UK need to be rich?

I've asked him about it.

The Rest Is Money
283. Does the UK need to be rich?

My argument is not that you shouldn't be...

The Rest Is Money
283. Does the UK need to be rich?

And cutting taxes, particularly taxes which relate to essentially the ability of businesses to grow and employ people.