PODCAST · news
The Rest Is Money
by Goalhanger
Robert Peston and Steph McGovern bring you insightful business and finance stories.Join Robert Peston and Steph McGovern as they delve into the key challenges and opportunities facing today’s business world. From the complexities of tech investments to the impact of political decisions on global markets, this podcast offers valuable perspectives on current financial topics. Whether discussing business funding, economic policies, or corporate strategies, they provide listeners with the tools to understand today’s fast-evolving market.Each episode brings expert analysis on important issues, including market regulations, economic recovery, and the forces shaping the future of work. Robert and Steph bring you the latest insights from influential leaders and top entrepreneurs, making this podcast a must-listen for anyone interested in business growth, financial trends, and the evolving economic lands
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296. Gary Stevenson- how would a wealth tax help those on low incomes?
What impact would a 2% wealth tax on people with £10 million have? If you tax the rich more will it bring down the cost of living for everyone else? How will this help the shortfall of affordable homes? What about the North South divide? Will it reduce the one million NEETs the country has? Will it grow the economy? Inequality economist Gary Stevenson is back to tell us why taxing millionaires is the way to make things fairer. Robert and Steph have a lively debate about whether wealth taxes are enough. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Producer: Isabelle Bougeard Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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295. Jim O’Neill – The man shaping Burnhamomics
If fiscal devolution is central to Burnham’s plans, how do we make sure the money is not wasted by mayors and councils? How can Burnham avoid market mayhem if he invests significantly more? Would it be crazy to break up the Treasury? Why is scrapping the pensions triple lock essential? Former U.K. Treasury Minister and ex Goldman Sachs chair Jim O’Neill has been advising Andy Burnham on the hard choices he’ll have to make as PM. Steph and Robert talk to him about Manchesterism and the need to slaughter four sacred cows . The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Producer: Isabelle Bougeard Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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294. Gary Stevenson – Is being a city trader bad?
Is it fair that city traders can make loads of money betting on the economy’s demise? Are people with working class backgrounds better at trading? How do you go from making millions on a trade floor to becoming obsessed with wealth inequality? In the first of our two-part series, we sit down with economist Gary Stevenson. He tells us how he made millions by betting on our economic decline, and why he transitioned from a high-stakes trader to a man on a mission to tax millionaires more-a journey explored in his new Channel 4 documentary, How to Get Filthy Rich." The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Producer: Isabelle Bougeard Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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293. A Nobel Prize winning view on wealth inequality
Why are some countries richer than others, even though money, people and ideas can flow freely round the world? Why is it so hard for a country to turn things around and become rich? Are illiberal leaders like Trump good for their economy? What role do sovereign wealth funds play? Nobel prize winning economist Simon Johnson gives us his theory on the damage extractive institutions do to wealth disparity. As a leading professor at MIT and former chief economist at the IMF, Robert and Steph quiz him on how the history of colonisation has shaped world economics and what can be done about it. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Producer: Isabelle Bougeard Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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292. The £6 trillion pot we should use to grow the economy
How do we unlock trillions of pounds of long term capital and keep it in the UK? What can we learn from a brewery in Newcastle and the Vimto factory in Manchester? Why don’t more people invest in start-ups and scale-ups? Is it all about tax incentives? Nigel Wilson is the former CEO of the financial giant Legal and General who has funnelled billions of pounds of pension and insurance money into regional regeneration projects. He tells us why it’s not a charity case, but a huge investment opportunity that could grow the whole UK economy. And why he thinks Burnham is the only politician who gets regional economics. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Producer: Isabelle Bougeard Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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291. Does Burnham have any wiggle room?
How much can Burnham re-engineer the fiscal rules? Should he stick to a manifesto that has already been trampled over? Who should he choose to be chancellor? Will the markets approve? The former director of the IFS is back to tell us about the constraints and opportunities the new prime minister will have to get the economy growing and improve living standards. Listen to Robert and Steph’s interview with Paul Johnson. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Producer: Isabelle Bougeard Exec Producer: Chris Sawyer General Manager: Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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290. Can Burnham’s ‘business friendly socialism’ grow the economy?
Why are each of us £15,000 a year worse off than we should be? What can we learn from the US about housing? Can ‘Manchesterism’ work across the UK? How much is the triple lock state pension holding back young people? Paul Johnson, former director of the IFS, is back to tell us about his new research on The Prosperity Gap and what it means for the new Prime Minister. Plus why Count Binface should be considered for housing minister. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Producer: Isabelle Bougeard Exec Producer: Chris Sawyer General Manager: Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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289. Why we need fewer civil servants
Can Andy Burnham’s civil service employ fewer but more productive officials? Is it fair to blame Brexit and Covid for the rising headcount? Is the government buying British the best growth policy? How the government can save £30bn a year by being more efficient. Tech boss Stephen Kelly - former CEO of Sage Group - tells us about working with David Cameron’s government to make £50bn in public sector efficiency savings. Plus find out why he thinks he was sent to the wrong building for a government meeting. Listen to Robert and Steph’s interview. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Video Editor: Dylan Bonham Senior Producer: Isabelle Bougeard Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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288. Which politician is the worst tax dodger?
Should political leaders show us their tax returns in detail? Are the financial questions concerning Farage about tax or something else? Which politicians were careless and which were more culpable? Robert and Steph chat with Dan Neidle who reveals his investigations into the financial affairs of several high-profile politicians. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Producer: Isabelle Bougeard Video Editor: Dylan Bonham Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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287. Dan Neidle: forget wealth taxes, do this instead
Will all the rich people leave if we slap a wealth tax on them? How have plans for a 5% billionaire tax in California gone down? Is tax the best way to redistribute wealth more fairly? Former tax lawyer Dan Neidle is back to tell us why he thinks the theories of influential economists Gabriel Zucman and Thomas Piketty are all pie in the sky. So what would he do instead? Listen to Robert and Steph’s interview with him to find out. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] For more Goalhanger Podcasts, head to www.goalhanger.com Producer: Isabelle Bougeard Video Editor: Dylan Bonham Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices
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286. Dan Neidle: Pubs don’t deserve a VAT cut
Why is cutting VAT for specific sectors a bad idea? Should there be a flat rate on everything, including the things currently exempt? Why does cutting business rates only benefit landlords? Are we keeping too many inefficient businesses going? Dan Neidle from Tax Policy Associates is back to explain why he thinks no one deserves special treatment when it comes to VAT and business rates. Plus why Burnham’s plan to rescue pubs won’t work. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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285. Can Europe escape American tech dependency?
Why did Nick Clegg quit Meta, and what does he really think about Silicon Valley? Why are tech bosses so greedy? And how can Europe catch up in the AI race? Robert sits down with Nick Clegg (former UK Deputy Prime Minister and Meta's ex-President of Global Affairs) to discuss how the UK can once again become a tech and economic powerhouse. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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284. Is it time to smash the economic consensus?
Should it be about the pre-distribution, rather than re-distribution, of wealth? Will that create an economy with fewer billionaires? How would it work in practice? Is it even possible given the balance of power lies with the rich? Leading economist Professor Mariana Mazzucato is back to tell us why her theory on ‘The Common Good’ is a game changer for Western economies. Plus does she think Gabriel Zucman’s wealth tax on billionaires is a good idea? Robert and Steph find out. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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283. Does the UK need to be rich?
Is the UK stuck in a debt and tax doom loop, and how do we get out? How do we cut welfare spending? How important is it to give regional mayors more agency over tax and spending? And what can we learn from Mississippi? Robert and Steph talk to former Chancellor Jeremy Hunt about his take on the economy now he's not running the Treasury, as detailed in his new book 'Can we be rich again?'. Plus for the first time Steph admits it's not all about Middlesbrough. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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282. Are politicians living in a tax-and-spend dream world?
Are the government plans to help low income households hitting the right spot? Is there too much focus on symptoms and not causes? Could fiscal devolution happen too quickly? Why does the IMF often give the UK a rough ride on forecasts? Paul Johnson - former director of the IFS - is back to give us his take on the economic reforms being discussed across the political sphere. Plus Robert puts him under pressure to tell us which government has been the worst economically. Will he answer? Listen to Robert and Steph’s chat with him to find out. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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281. How to tax billionaires
How many billionaires are there in the world? How much has their wealth grown by? Why do lots of billionaires pay almost no income tax? How much of a problem are tax havens? Would a 2% global wealth tax (on people with over $100million) work in practice? Robert and Steph talk to prominent economist Gabriel Zucman about his decades long research on wealth inequality and discuss the pros and cons of wealth taxation policies. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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280. Should the government set food prices?
Would a voluntary agreement between supermarket bosses and the Chancellor to cap the prices of food basics help those struggling on low incomes? Is the biggest threat to the UK now higher inflation or higher unemployment? And could Andy Burnham, as Prime Minister, take control of water and energy without destroying the public finances? Steph and Robert discuss Rachel Reeves’ plans to protect living standards from Trump’s Iran war shock, and try to work out what Andy Burnham means when he says his “Manchesterism” is the end of neoliberalism. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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279. Why SMEs want more than verbal enthusiasm from politicians
Is the government doing enough to prioritise British SMEs in its defence spending plans? Should price always come first or should more expensive British made goods be the priority? Or are we in danger of propping up zombie business? And with rising energy and employment costs, how hard is it to be a UK manufacturer now? With the government aiming to increase UK SME defence spending by fifty percent, Steph talks to a manufacturer desperate to win back the MoD contracts it lost in the 1980s. Ben Fogle and James Sleater tell us their ambitions plans for Buffalo Systems. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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278. Can any Starmer rival rescue the economy?
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. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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277. How to make green energy a vote winner
Why is the UK’s energy pricing system so broken? Why must the transition to green energy be accelerated? And how can we make clean, renewable power the most affordable option for those on low incomes? Robert joins Emma Pinchbeck, CEO of the Climate Change Committee, to discuss the misunderstood parts of our energy system and what the UK’s shift to renewables actually looks like. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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276. Will bond market vigilantes see off Starmer’s rivals?
Could the government’s creditors protect Starmer and Reeves, even if Labour is humiliated in the elections? How high are UK interest rates going to rise because of Trump’s Iran war? Has monetary policy stopped working? Could AI actually lead to the creation of millions of new jobs? And is coal consumption in the 19th Century a good way to predict this? Steph and Robert dissect the Bank of England’s latest assessment of the UK economy. Plus Robert takes us back in time to explain why Jevons Paradox on coal consumption could be relevant to the AI revolution we’re in now. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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275. The Debt Paradox: Britain’s Hidden Credit Crisis
If household debt as a percentage of GDP is at its lowest since 2002, why are debt charities seeing record levels of demand? Is this a temporary problem because of the cost of living crisis or about much bigger structural problems in the UK economy? Plus, what is ‘co-erced debt’ and why is it a growing problem? Steph talks to Vikki Brownridge the CEO of the debt advisory charity StepChange about what’s really going on for the increasing number of people struggling with money. They discuss the challenges of the ‘working poor’ and whether policy changes like the lifting of the two child benefits cap will make any difference. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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274. Would rejoining the EU be the best growth strategy?
How much did Brexit cost the UK? Would rejoining make us much richer? And if US managers are PSG players, are British ones more like Aston Villa’s? Robert talks to Stanford Professor Nick Bloom about his influential forecast, recently adopted by Rachel Reeves, that quitting the EU made Britain 8% or £240bn poorer than it would otherwise have been. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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273. How angry are business leaders with the government?
How long will Starmer cling on for? Will politicians sucking up to Northerners make any difference to the North South divide? What’s the latest with the Strait of Hormuz and how is it impacting global prices? How is that feeding through to inflation here? Is Miliband right to stop more oil being drilled in the North Sea and what’s his plan to bring down energy bills? After another week of Mandelson drama, Robert takes us behind the scenes and Steph looks at examples in business where bad vetting has had disastrous consequences. Plus all the latest on the markets. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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272. Is Anthropic holding businesses to ransom?
Is it fair that only some businesses have access to Anthropic’s super-powerful Mythos AI, given its ability to pierce cyber defences? Will OpenAI go bust? Will Demis Hassabis win the AI wars? Robert Peston talks to Sebastian Mallaby about his biography of British AI genius Demis Hassabis, The Infinity Machine. Note: We contacted OpenAI for comment, who told us that 'the article revisits old, widely reported episodes and frames them through selective anecdotes, anonymous claims, and incomplete context. They also said that OpenAI today is a very different company: larger, more mature, more rigorously governed, and operating at global scale. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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271. Youth unemployment - a national emergency?
Why are one million young people not in education, employment or training? Is the benefits system part of the problem? Are schools out of date? What’s the alternative? Steph talks to former health minister Alan Milburn – who is leading a review into NEETS -about the systemic health and structural barriers to work. They discuss the cost to the economy and the alarming stat that if a young person doesn’t get a job by the time they’re 24 they’re unlikely ever to. Fortunately Alan thinks he has the solution. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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270. AI minister: How we build a trillion dollar AI company
What’s the point of the government’s new £500m sovereign AI fund? How is the government planning to avert AI Armageddon? Isn’t it time for AI to be permanently in the classroom not banned from it? Robert talks to AI Minister Kanishka Narayan to explore the government’s strategy for a trillion-dollar British AI ecosystem-and whether the UK can truly scale a sovereign challenger to rival the likes of OpenAI, Anthropic and Gemini. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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269. Monzo founder: AI will kill income tax
Why are governments failing to notice how AI is replacing many jobs now? If AI replaces all or most jobs, how can governments replace all the lost taxes? Who will pay for public services and stop us from starving? Robert sits down with Monzo founder Tom Blomfield to hear his revolutionary plan to reform the tax system for an AI world. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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268. The price of financial hype
What’s a ‘finfluencer’ and why are they getting in trouble with the regulators? How much of a problem is dodgy tax advice given on social media? What part does financial literacy play in all of this? And is the law finally catching up? Steph talks to Stella Creasy - MP for Walthamstow and a prominent consumer rights campaigner - about her latest mission to stop the rise of unregulated financial advice on social media. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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267. Can AI save the public sector?
What difference would wider adoption of AI have in our struggling public services? Is it the answer to the UK productivity problem? Why does the government struggle to "buy British" when it comes to tech? And could a simple software fix save frontline workers 8 hours of admin a week? In this episode, Robert and Steph are joined by Alex Stephany, the CEO of Beam, a British ‘GovTech’ success story used by two-thirds of UK councils. Alex tells us how it works, but also why the government procurement system is holding back companies like his. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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266. Trump Turmoil: An investor's perspective
A month into the war in the Middle East, what are investors thinking? Are we heading for a global recession? Who is most exposed? What are the options central banks and governments have for getting through it? What does this mean for the UK economy? How can the government help people with bills without upsetting the bond markets and increase borrowing costs? Plus, what should you be thinking about if you have money in stocks and shares? Karen Ward – Chief Market Strategist EMEA at JP Morgan Asset Management – is back to give us her take on the possible economic outcomes of the geopolitical turmoil. She breaks down what matters and what doesn’t when it comes to understanding market volatility. Plus she explains why she thinks we don’t need to worry about the private credit market taking us into another financial crisis. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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265. Are we due another financial crisis?
What does Lloyd Blankfein - former boss of Goldman Sachs - think is the biggest threat to financial stability? What did he learn from the credit crunch about dealing with risk? Was the investment bank the ‘vampire squid’ it was described as? Plus, why did his cancer diagnosis have to be kept secret? Lloyd talks to Robert and Steph about his journey from a housing project in Brooklyn to CEO of Goldman Sachs during the 2008 financial crisis. They also discuss AI, fat fingers and whether Lloyd would join Trump’s administration if he was asked. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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264. Why the chair of Iceland Foods is not worried about their energy bills
What is retail boss Richard Walker telling Kier Starmer to do in his new role as the PM’s Cost of Living Tsar? Why does he want a temporary cap on the profits of energy and oil companies? How does a supermarket like Iceland handle the price pressures that come from war in the Middle East? And how worried is he about rising employment costs? Richard Walker - executive chair of Iceland Foods - talks to Steph and Robert about everything from whether we should be drilling for more oil in the North Sea to the price of a prawn ring. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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263. Iran War: protecting the UK economy from the energy crisis
Why is the UK economy the most exposed to the harm from Trump’s Iran war? How should Reeves respond? And with resources so tight, which families should be bailed out from rising energy prices? Steph and Robert explain why Starmer should not waste this crisis, and should take the bold painful decisions to put Britain on a path to higher growth Since the recording of this episode, Donald Trump announced a five-day extension on his ultimatum to "hit and obliterate" Iran. Robert and Steph's discussion today covers the tough economic choices facing Starmer and Reeves whatever path the Iran conflict now takes. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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262. Does the Chancellor have a growth plan at last?
The Chancellor claims she is finally focussed on growth, but is it too little too late? Will the EU agree to improve access for British exporters? How much of our taxes will she transfer to metro mayors and what will they spend it on? And why is she still so far behind the curve on AI? Robert and Steph mark the PM’s homework, as she says she at last has a plan to make us richer. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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261. Dire straits: Should the Royal Navy end the Iran oil blockade?
How will Keir Starmer protect our living standards from the soaring energy costs caused by Trump’s Iran war? Can the Chancellor afford to subsidise our heating bills? And should the Prime Minister say yes to Trump’s request for British minesweeping drones and ships to be sent to the Straits of Hormuz? Steph and Robert discuss the options available to the government to limit the economic damage from the Iran war. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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260. Iran War: why the poor will suffer
Why are financial markets still failing to price in the true economic costs of "Trump’s war"? How is the UK facing a "double whammy" of both higher interest rates and declining living standards? Why is it considered "ludicrous" to believe the economy could return to normal quickly, even if the war ended tomorrow? Robert and Steph are joined by Mohamed El-Erian for an urgent deep dive into what the government can do to reduce the economic harm caused by the Iran war. Together, they assess the hit to global growth, and how rising energy and food prices will widen inequalities between British households. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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259. BONUS: Trump's War - why it's making us poorer
Trump appears to be chickening out again, but has he stopped the wild market fluctuations? Is there another way to move vital energy and commodities that doesn’t involve going through the Strait of Hormuz? How much damage has already been done to the global economy? And what does it mean for your mortgage? Robert and Steph discuss the latest market turmoil and the wave of companies invoking a “force majeure" clause to suspend contracts. Plus, as ever, they look at what all of this means for the UK economy. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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258. How AI changes everything we should teach kids
Why is AI changing every job? Why is it insane that schools ban students from using it? How did Marc Warner grow his British tech leader Faculty AI into a £1bn-plus company? Robert and Steph talk exclusively to Marc Warner as he sells Faculty AI to the world’s biggest management consultancy Accenture, hear how he and his data team persuaded Boris Johnson to lock down at the start of Covid, and how the NHS has destroyed the early warning system he built. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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257. Iran War: Are investors getting it wrong?
Why hasn’t there been a dramatic increase in the price of oil since Iran’s retaliation aimed at key oil facilities and waterways? Are investors right not to worry too much yet? What will it take to end this? And following Trump’s fury at Starmer over his reluctance to let them use UK air bases, is the special relationship over? With the continued unrest in the Middle East, Robert and Steph analyse the reaction of investors and look at what it means for the global economy. Plus they discuss whether this makes Rachel Reeves’ spring statement redundant. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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256. Will Trump’s war on Iran sink markets and the global economy?
What are the consequences for oil and gas prices of Iran’s retaliation? Will the primary impact be higher inflation or lower growth, and what does this mean for interest rates? And are we heading for a stock market crash? Robert and Steph also explain why the war is a nightmare for Rachel Reeves as she prepares tomorrow’s spring statement and for Starmer’s hopes of reducing the cost of living The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Advertise with us: [email protected] Learn more about your ad choices. Visit podcastchoices.com/adchoices
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255. Trump trade tariffs - who is calling the shots?
Did Trump’s two hour ‘state of the union’ speech tell us anything we didn’t know? What’s next for trade tariffs? Will anyone get a tariff refund? And where does all this leave Keir Starmer and his 2025 trade deals with the US? With the US Supreme Court ruling that Trump overstepped his authority, Robert and Steph discuss what impact trade tariffs have had so far and whether Trump’s new 15% universal tariff will carry any weight. Plus we hear from UK manufacturers about how they’re feeling in all this trade chaos. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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254. The outsider’s edge: How Sir Michael Moritz built a billion-dollar empire
What is the secret to scaling a startup into the next Google, Youtube or Airbnb? Why do you need an American on your board to be as successful as them? And what is Trump really motivated by? Plus why being an outsider can be a superpower in business. Sir Michael Moritz ran Sequoia Capital for over 35 years and is one of the world’s most successful venture capitalists - he talks to Steph about the convulsive context of Trump’s America, what it takes to become one of the Magnificent Seven and how his family’s escape from Nazi Germany led to an inherited despair that powered him through business - as featured in his new book Ausländer. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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253. The truth about immigration - who is coming and who is leaving?
What impact does migration have on the UK economy? Are we heading for net-zero migration and does it matter? Is the so called ‘brain drain’ a real thing? And why do politicians love talking about immigration so much? Madeline Sumption MBE - Director of Oxford University’s Migration Observatory - talks to Steph about the complex reality behind the numbers. And as they delve into the stats they also look at the politicisation of immigration and discuss what immigration policy is really for. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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252. The £1 trillion war chest: why the UK is stronger than you think
Why can’t the UK shake its "confidence rut" despite having a £1 trillion savings buffer? How are global "populist" spending trends forcing the bond market to act as a fiscal referee? And is the UK actually poised to become an AI superpower? In this episode, Robert and Steph welcome back Karen Ward, Chief Market Strategist for EMEA at J.P. Morgan Asset Management and former advisor to the Chancellor. The discussion dives deep into the 'split personality' of the UK economy, where high financial stability in the private sector is juxtaposed with a pervasive lack of confidence in government by consumers and business. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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251. The man who rumbled Mandelson: Dan Neidle's Epstein files investigation
How did friend of the show, tax lawyer Dan Neidle, manage to discover the true extent of Peter Mandelson’s connections to Jeffrey Epstein? What crucial information has Dan pieced together using Blackberry signatures and time zones that reveal what some redacted elements tried to cover up? Has Dan discovered the real reason why Mandelson was prepared to forward sensitive emails almost immediately to the disgraced financier and sex offender? Robert, Steph and Dan discuss how some diligent investigation from Dan contributed to the biggest political and financial scandal in recent times. Search Mandelson’s Epstein emails using Dan’s tool on the Tax Policy Associates website: https://taxpolicy.org.uk/2026/02/11/epstein-files-mandelson-email-search/ The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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250. Business Secretary Peter Kyle: being let down by Mandelson & the UK-China relationship
Why does Peter Kyle think Mandelson was as brilliant as he was flawed? What impact will the new China deals have on UK growth? And does he care what Trump thinks about them? Plus Kyle’s plans to get the UK’s first trillion dollar company. Steph and Robert interview the Business Secretary fresh from his visit to China. Plus find out what happened when the interview was interrupted by an evacuation…….it involves Ian Wright and a former German Chancellor. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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249. Epstein, Mandelson & the system that failed survivors
How far does Jeffrey Epstein’s dark web extend into the global financial system? How much damage might Peter Mandelson have done by sharing confidential market sensitive details with Epstein? And why, despite decades of being dogged by scandals, has Mandelson kept being let back into senior political roles - and where does this leave Keir Starmer? Robert and Steph discuss the latest fallout from the new Epstein files release and the implications across the financial and political world. Not losing sight of the courage of those who Epstein abused, who are at the heart of this reckoning. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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248. How Iran’s uprising has been driven by economic failure
How is the mass civil unrest in Iran, and the brutal killing of protestors, linked to the collapse of living standards? Why have Western sanctions been a blunt tool? And how rife is corruption in the Tehran regime? In this episode, Steph and Robert examine whether there is a route back to freedom and prosperity for Iran. Esfandyar Batmanghelidj, Founder and CEO of the Bourse & Bazaar Foundation offers a deep analysis of the economic grievances that have destroyed social cohesion, and examines what’s needed to avert total catastrophic collapse. Plus they discuss the ramifications for the global economy. The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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247. Sir Keir in China & will there be aftershocks from Japan’s bond quake?
What links Japan’s new prime minister with Liz Truss and Margaret Thatcher? Can Keir Starmer balance relations with Beijing without jeopardising ties to Washington? And why are Steph and Robert so worried about the future of hairdressing? Steph and Robert assess the $7 trillion upheaval in Japan’s bond market and discuss the risks and rewards of Starmer’s visit to China. They also examine the UK’s most overtaxed high-street industry, asking why hairdressers are being hit harder than anyone else - and whether rising business rates could wipe out apprenticeships. Email: the[email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney Learn more about your ad choices. Visit podcastchoices.com/adchoices
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ABOUT THIS SHOW
Robert Peston and Steph McGovern bring you insightful business and finance stories.Join Robert Peston and Steph McGovern as they delve into the key challenges and opportunities facing today’s business world. From the complexities of tech investments to the impact of political decisions on global markets, this podcast offers valuable perspectives on current financial topics. Whether discussing business funding, economic policies, or corporate strategies, they provide listeners with the tools to understand today’s fast-evolving market.Each episode brings expert analysis on important issues, including market regulations, economic recovery, and the forces shaping the future of work. Robert and Steph bring you the latest insights from influential leaders and top entrepreneurs, making this podcast a must-listen for anyone interested in business growth, financial trends, and the evolving economic lands
HOSTED BY
Goalhanger
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Frequently Asked Questions
How many episodes does The Rest Is Money have?
The Rest Is Money currently has 50 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is The Rest Is Money about?
Robert Peston and Steph McGovern bring you insightful business and finance stories.Join Robert Peston and Steph McGovern as they delve into the key challenges and opportunities facing today’s business world. From the complexities of tech investments to the impact of political decisions on global...
How often does The Rest Is Money release new episodes?
The Rest Is Money has 50 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to The Rest Is Money?
You can listen to The Rest Is Money on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts The Rest Is Money?
The Rest Is Money is created and hosted by Goalhanger.
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