Robert Peston
speaker
5,309 appearances
41 recordings
5 series
first heard Nov 2025
last heard 6d 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 — 41 in all, peaking in Jun 2026 with 9.
Appearances
Uh yes, he started by saying things are looking up on the basis of these studios, but he delivered both that optimistic story and indeed.
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His plans uh with all the enthusiasm and joy of an undertaker.
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So I'm not sure that he didn't slightly undermine his own his own case.
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Sure.
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He's got to do something about his demeanour.
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But my my my bigger issue is not about the content of the speech.
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It seemed to me that quite a lot of the policies uh that he said he would be uh promoting.
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Uh, is stuff that we on this podcast, you and I, think is not a bad idea.
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The issue for me is it was a bit like rearranging deck chairs on the Titanic to use the cliche, in the sense that
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If you are Chancellor right now, the thing that you should be
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desperately worried about is what we talked about in our last podcast, which is uh the way that the price of government debt in America has been falling.
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Uh the fact that that has therefore led to a very significant drop in the price of UK government debt, GILTS, UK government bonds, um
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And the impact of that is that the interest that the government has to pay on its debt has been rising very significantly.
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Uh we talked on the previous podcast uh about that enormous interest bill for the government.
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And actually we just did a we just did uh fa a a a great event actually
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On the South Bank uh Restaurant's Money Live, in which we showed this chart, which showed that actually that if if you're just not talking about projects, but if you're just talking about departments, you know, if the interest bill was a department, it would actually be the second most expensive department.
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But I mean, you know, obviously in terms of projects, DWP and health are bigger than interest.
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But not
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But, you know, the i the interest bill is well over £100 billion and rising, twice what we spend on on defence.
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And at the root of all of this is that the UK is what economists or traders call a high beta economy.
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Showing 141–160 of 5,309 · page 8 of 266
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