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Robert Paston

๐Ÿ‘ค Speaker
299 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

And I want to talk to you about those in a minute.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

But I think it is important to acknowledge that economists, particularly those economists who supported Brexit, some of them have said some quite unkind things about you, but there has been some criticism.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

And I suppose there's one bit of criticism that seems to me to...

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

From the point of view of, how can I put it, sort of common sense, to use that phrase again, I think it's important to examine, which is, there was a bloke called Julian Jessop who said this.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

He said, basically, if we had grown 8% faster than we actually did,

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

That would have meant that we would have been, along with the US, the top performing rich economy in the entire world.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

And he takes the view that, although I'm sure he's a great patriot, that it is completely inconceivable that Britain could have been an economy performing as well as, let's say, the US over that period.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

What do you say to those who, in a sense, say, you know, whether we'd stayed in the EU or left, this idea that staying in could have turned us into this sort of unbelievably dynamic place.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

What's your response?

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

But then let's look at the other thing that he says.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

And I think you have acknowledged because you looked actually, you did all sorts of different methodologies top down.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

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.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

And I think you have acknowledged the synthetic basket.

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

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

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

So tell me, is that right?

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

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

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

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

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

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

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

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

The Rest Is Money
274. Would rejoining the EU be the best growth strategy?

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