Robert Peston

speaker

5,610 appearances 43 recordings 5 series first heard Nov 2025 last heard 3d ago

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

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 43 in all, peaking in Jun 2026 with 9.

Appearances

newest first · ▶ plays the moment

The Rest Is Money · 313. Ruth Curtice: middle earners need to be taxed more · 13 Sep 2026 podcast

Can I... voice-verified

ask something that sort of came up in a conversation I was actually having with some... voice-verified

now? voice-verified

So we're now in the middle of the city of London and I'm actually talking to a bunch of people who make their money out of... voice-verified

people. voice-verified

Essentially advising big funds on, you know, whether to invest in gilts or equities or voice-verified

do they say? voice-verified

And one of the things that a couple of them said to me voice-verified

is that our obsession with the fiscal rules and the fact that a succession of chancellors, well, obviously they've revised them, but it's sort of absolutely at the centre of all budget planning. voice-verified

They were saying that although it's now impossible to back away from that discipline, voice-verified

It has created a bit of a rod for our own backs in the sense that they were saying, if you are an international hedge fund, any kind of fund with no sort of patriotic reason to invest in the UK, the problem with our fiscal rules is it is incredibly easy to work out whether or not we're hitting them or missing them. voice-verified

And that makes us a target in the way that other countries, which have slightly fuzzier fiscal rules, are less of a target. voice-verified

We started this conversation with saying the headroom was almost certainly going to fall or almost certainly had already fallen from, you know, 24 billion to, let's say, 5 billion. voice-verified

And at that point, if you're a lender to the UK, you say, well, he's obviously got a fiscal problem. voice-verified

He's going to have to raise taxes. voice-verified

And it's just very, very easy to say, let's sell gilt until the moment that headroom is rebuilt. voice-verified

And actually, weirdly, this was supposed to provide confidence, but it just also means that if you're a trader... voice-verified

And what you're interested in is volatility. voice-verified

We've created a system that generates volatility. voice-verified

And that's one of the reasons why when, as we were saying yesterday, America catches a cold, we seem to get flu. voice-verified

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