Robert Peston

speaker

5,884 appearances 45 recordings 5 series first heard Nov 2025 last heard yesterday

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

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recordings per month · last 12 months

Recordings per month over the last 12 months — 45 in all, peaking in Jun 2026 with 9.

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The Rest Is Money · 311. Why is the US debt crisis a big problem for Burnham? · 6 Sep 2026 podcast

Um matched

But, you know, these are very uncertain uh times. matched

And, you know, I'm afraid all of everything that's going on does just remind me of the kind of sort of weirdness that I have seen leading up to other crashes. matched

And and and that is that is you know, we hope things stabilize. matched

We should point out that what we're not saying about AI is matched

That AI is some kind of illusory, you know, that the idea of an industrial revolution or economic revolution tied to AI is in doubt. matched

No, I mean AI is changing the world. matched

But they but the two things can be true, that it's AI is changing the world, and there could st could still be, probably is, a uh a a significant financial bubble there which will be pricked at some point. matched

So, you know, deeply worrying times. matched

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

So you were saying um a little bit earlier that the government was hoping that this budget would not be a massive affair. matched

Um they were hoping just to get through it, you know, with some not exactly tinkering, but with some, you know, not massive tax changes, for example, which could be deferred to after the publication of the so called ten matched

year plan, which is when in probably December, could slip to early January, the Prime Minister will set out his really big ambitions if he's allowed to stay in office for up to ten years, as it were. matched

But that now looks like a naive hope. matched

I mean you talked about the astonishing amounts that we're shelling out in interest on this three trillion matched

trillion, almost three trillion uh pounds worth of government debt, as you said. matched

Well over a hundred billion every single year. matched

I mean, you you know, this is this is double. matched

I mean you mentioned it was more than uh we spend on defence. matched

It's probably running at about double what we spend on the security of the nation. matched

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