Robert Peston
speaker
5,610 appearances
43 recordings
5 series
first heard Nov 2025
last heard 2d ago
Robert Peston’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 43 in all, peaking in Jun 2026 with 9.
Appearances
Or whether you come back actually as an as as an AI created clone.
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To answer those questions, we've got one of the UK's great experts, Ruth Curtis.
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She used to be at the Treasury.
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She now runs the Influential Resolution Foundation.
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And the big question I want to ask her is, how does the UK stop being the ugliest in the ugly contest when it comes to borrowing money from the world's big investors?
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So it's your central case is really what you're saying.
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Now, this is a very difficult judgment to make, but Rachel Reeves in her last budget took the view, which Steph and I, I think, absolutely agreed with, that her previous headroom of 10 billion was too low because that put her too much at risk of it just being totally wiped out by the normal swings in the economy.
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And therefore probably meant that interest rates that lenders to the UK were demanding were higher than they needed to be because they thought there was a bit too much risk lending to the UK.
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That's why she built it up to 24 billion.
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actually, it was quite interesting.
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After the last budget a year ago, when headroom was increased to more than 20 billion, actually, she got a bit of a bounce in the gilt market.
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Actually, gilt prices rose, interest rates came down a little bit.
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Now, she's now in this awful position where interest rates have surged even more than in other countries.
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What do you think a sensible amount of headroom now should be?
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How much essentially money does she need to raise to reassure lenders to the UK?
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mean, look, we've got Trump in the White House.
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It could be another war for all we know, because, you know, it's his war.
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He's unpredictable.
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You'd simply I don't think any lender to the UK would think the headroom of five billion provided enough protection.
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John Healey is going to have to build it up.
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Showing 301–320 of 5,610 · page 16 of 281
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