Robert Peston

Otherwise, they wouldn't be able to make the donation at all.

And if you're listening, Rachel Reeves, I would urge you not to introduce either a Steph tax or a Robert tax, please.

Well, they will have their supporters.

And so I'm pretty sure that what you've just said will attract a bit of attention.

But I don't think you're going to get... Are we going to massively push back on behalf of Thomas Piketty, Steph?

Look, I've got to admit, I'm not immersed enough in the Piketty proposal.

Your characterisation of it does make it seem to me like essentially a talking point, as Steph says.

But Toma, if you are listening, come on the podcast and explain yourself.

The economy was growing again.

We were looking more competitive as a nation.

And then we voted to leave the European Union.

Hello and welcome to The Rest Is Money with me, Robert Peston.

Today, I'm delighted to be joined here at the South by Southwest Tech Conference in trendy East London.

I'm joined by the former Deputy Prime Minister Nick Clegg, also the former, I don't know whether he's the right hand or left hand person of Mark Zuckerberg at Meta.

And we've had the most...

gripping conversation about why he left Meta.

I think he was slightly more revealing about the circumstances and what he really thinks about Silicon Valley than I might have anticipated.

But then the meat of what we talked about was this AI industrial and social revolution that we're living through and whether

the UK and Europe can compete, whether it's too late and how important it is to create tech champions in the UK and Europe if we're going to get our living standards up.

So an absolutely fascinating conversation.