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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?

British businesses have been bought by foreign companies.

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

The numbers of businesses actually floating on the London Stock Exchange is about, I don't know, it's trivial.

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

I mean, it's like a billion or something.

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

I'm not even sure it's as much as that.

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

But basically...

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

This is just one aspect.

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

I mean, the more worrying aspect is just the sheer number of these startups that when they get to a certain size, in order, they feel, to become global leaders, they sell out to either a San Francisco interest or Singapore interest.

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

You looked at the problem that British capital is not backing Britain.

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

It's still a grotesque problem.

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

We would agree, I'm sure.

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

But we are, you know, very much optimists, Steph and I. But I'm going to...

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

pose something that I've heard Steph pose before to you, which is the missing link in all of this is, you know, if you look, I mean, there are some literally mind-bogglingly brilliant businesses at the moment that are raising, you know, billions based in London, and fingers crossed they'll stay British, right?

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

But if you are in Middlesbrough,

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

you think to yourself, what is the connection between these people getting unbelievably rich in London and my life when I can barely afford to pay for the basics?

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

And so the missing link in all of this is how does one connect

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

What is sort of economic โ€“ definitely economic success, but how do you connect that with the lives of people who just look at what's been happening in this country for 20 years and say, you know, Westminster just has done nothing for me.

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

And these businesses that are incredibly successful have done nothing for me.

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

How do you make that connection?

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

Which I think is a positive note probably to all this to a close.

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

What do you think?