Robert Paston

speaker
388 appearances 3 recordings 1 series first heard Apr 2026 last heard 10 Jun

Robert Paston’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 1.

Appearances

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Hello and welcome to The Rest Is Money with me, Robert Paston.
I think Steph McGovern's off solving crime again or whatever she does in her spare time.
But I'm thrilled that I'm joined by the distinguished Stanford economics professor, Nick Bloom.
Nick, very good to see you.
And I think most of what we'll talk about today is the report that you did on the costs of Brexit, which...
pleased some people and infuriated others.
Um, and I was quite struck.
I don't know if you regarded this as a badge of honor or, um, something, uh, that you'd rather not have happened, but I noticed that the chancellor has taken to referring to your, uh, assessment that leaving the EU has led to an 8% reduction in, uh, GDP, uh,
an 8% loss in national income.
It's been quite striking in the sort of political sphere that she's started, in a sense, essentially giving you this great accolade of official approval at a time when they're very, very keen to persuade the British people that we need to move economically and actually diplomatically closer to the
to the EU.
So it's an important number, that 8%.
I think it's roughly double the estimate that the Office for Budget Responsibility, the only sort of official work the Office for Budget Responsibility has done on this, I think said the loss was about 4%.
I'm really fascinated just to start with, because you use two different methods, and actually your assessment is the loss is somewhere between 6% and 8%.
But talk me through...
how you set about approaching this assessment and how you came up with that number.
Just also talk me through the other approach that you took, because you didn't just do the top down.
Tell us about the bottom up.
Yes, exactly.
And so just so that people understand the sums of money we are talking about, sums of money that could have contributed to higher wages, could have contributed to...
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