Robert Peston

Not very much.

It's an ambition, but there's no detail that would give us confidence that he does.

He can rise to this moment.

If you look at what he actually announced...

You know, he says Brexit has failed and I want Britain to be, in his words, at the heart of Europe.

OK, now there are many people listening to this podcast who will agree with all of that.

But, you know, what is his coherent plan to be at the heart of Europe?

When asked yesterday, does that mean we would re-enter the customs union or the European single market?

He basically said, no, no, there are new ways of somehow getting commercially close to Europe.

Well, maybe there are.

I mean...

I do think that we now have quite a lot of leverage with Europe because the threat of Putin means closer defence cooperation.

We have, you know, relatively speaking, compared to most of Europe, a powerful defence capability, which combined with the rest of Europe's, you know...

you know, will make Europe more formidable versus Putin.

And, you know, closer cooperation in defence ought, you know, ought to be a route also to get closer commercial cooperation because they do, you know, to an extent, Europe leads us more than they used to because of our defence capability.

But...

Even so, there is no actually compelling roadmap to really get the costs of trading with a single market down in any very significant way that would boost growth.

And absent something that looks like a practical plan...

Those investors that currently are very skeptical about the UK are not going to become any less skeptical.

I mean, there are lots and lots of Labour supporters who would dearly love him to move towards a position where the next election would be fought