Roger Lee

speaker

221 appearances 1 recordings 1 series first heard Jul 2026 last heard 3 Jul

Roger Lee’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Merryn Talks Money · What Is 'Manchesterism'— And Will It Boost Britain's Economy? · 3 Jul 2026 podcast

Yeah.

I think, again, what I'm concerned about, and I found very curious, shall we say, euphemistically, about Andy Burnham's speech was his nostalgia, his clear nostalgia for the 1970s.

Now, I'm old enough to have lived through all the way through the 1970s.

I was quite young at the start, needless to say.

But I do find it rather curious that Robertum seems to have this nostalgia for the 70s, which was, of course, categorised, characterised rather, by a period of stagflation, the only time we've ever experienced real stagflation in the UK.

It was the first time we've ever experienced mass unemployment since the Great Depression.

And, of course, as I've just mentioned, it's the first time that the UK had to be bailed out by the IMF.

It just seems to me odd, really.

that the 70s isn't the usual template for economic renewal and regeneration.

In fact, most people would say it is the example of not what to do.

And of course, actually using that as the example, I find that curious.

That's a really interesting question.

I'm going to start by making a positive comment about Burnham's speech, I think, as again, we do try and be balanced, we do try and be objective, but we also can't ignore the historical and economic facts.

But clearly, one of the very positives that the market took from this is that Burnham said on a number of occasions that he was going to stick to the fiscal rules.

So that is a very clear and demonstrable positive that the market took at face value.

Now, you and I have seen various commentary subsequent to that about whether the fiscal rules will be extended over the 10-year time horizon that he's talking about.

I don't know whether that's... He certainly didn't hint at that in the speech, so that's just purely speculation.

I think any change to the fiscal rules would probably be received badly by the bond market.

Not that there isn't merit in extending the time horizon of the fiscal rules,

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