Can any Starmer rival rescue the economy?
5/12/202645 min
Has Labour got what it takes to deliver growth? Is a change in leadership going to help? How might Rayner, Burnham or Streeting fair against the bond markets? Could a plan to shift the tax burden away from working people and on to assets be the answer?
As the chaos in Westminster continues, and government borrowing costs reach a 28 year high, Robert and Steph discuss what it will take to get the stability we need, and more importantly the growth.
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Transcript preview
First 90 secondsRobert Peston· Host0:01
He is going to fight. Basically put out a statement that said, "Bring it on if you're hard enough." I mean- I don't blame him for that.
Steph McGovern· Host0:10
It's the first time we've seen some dedication to a decision, isn't it?
Robert Peston· Host0:14
It's been a terrible look for Britain over the last- Mm-hmm ... decade, the lack of stability. One year alone, you know, we had Johnson, and then Truss, and then Sunak.
Steph McGovern· Host0:21
Yeah.
Robert Peston· Host0:22
I mean, three prime ministers in the matter of just weeks. What we need is strong leadership.
Steph McGovern· Host0:26
Yeah.
Robert Peston· Host0:26
One of the reasons we pay so much to borrow is because nobody thinks that we have strong government anymore.
Steph McGovern· Host0:32
And on that point, we're delighted to say that this year, The Rest Is Money is being powered by Octopus Energy. And that means we get to welcome back the founder of Octopus Energy, Greg Jackson, now CEO of it. Uh, time for a quick-fire question. What's the one bit of advice you'd give a young entrepreneur? Maybe it's stuff that people don't normally talk about.
Greg Jackson0:53
Don't be arrogant, but do be confident. Almost by definition, as an entrepreneur, you're doing stuff that other people didn't think is gonna work or that they've discounted or dismissed. So you have to be confident to, uh, believe in your own ideas and your ability to deliver them, but you should still listen to everyone else and learn from them and not be arrogant. Uh, I think that is the secret to being able to build something special, uh, but successful.
Steph McGovern· Host1:20
Well, cheers, Greg, and thank you for powering this episode of The Rest Is Money.
Speaker 41:24
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