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.

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The Rest Is Money · 274. Would rejoining the EU be the best growth strategy? · 29 Apr 2026 podcast

You looked at also and you did, I think, in the end, acknowledge that the thing that he also got upset about was you had a so-called synthetic basket and then you had various other baskets that you were comparing with.

And I think you have acknowledged the synthetic basket.

You're quite happy to ditch because the other ones still prove your point.

So tell me, is that right?

In just a minute, because people will want to know this, let's talk about why in practice...

leaving the EU, you know, would have, did lead to Britain becoming poorer than it would otherwise have been.

But I must just talk to you a little bit about the politics, because

As I understand it, this was a bit of work that you couldn't necessarily publish.

Was it because some of the people that you were collaborating with worked at the Bank of England?

What was the reason why there was some issue around the timing of publication?

You know, let's be clear, it is now infusing political debate, because it is now the number the government uses.

And for years, you know, and many would say this is because they were frightened of making the case for getting close to the EU, that, you know, they ran away from the whole debate about the

essentially how much we'd been damaged by Brexit.

So I do think it is significant.

You know, it was quite striking to me when the Chancellor, I think it was earlier this year, started using your 8% number.

What I'd like to do is now to unpick

You know what the transmission mechanism was from that vote to leave the EU and the fact that we got poorer.

I mean, you know, I remember at the time or rather in the run up to the vote, there was quite an important piece of research that the Bank of England did.

And what that said was simply by dint of the cost of access to the world's biggest market going up, you know, the cost of access to that market going up, the cost of trade with that market going up, there would inevitably be less investment by firms.

And that would make us that would be one of the mechanisms that would make us poorer.

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