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The Rest Is Money

262. Does the Chancellor have a growth plan at last?

The Rest Is Money

Goalhanger

Politics, Business, News

3.61.1K Ratings

🗓️ 19 March 2026

⏱️ 51 minutes

🧾️ Download transcript

Summary

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: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠the⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠restismoney@goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@RestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Advertise with us: ⁠⁠⁠⁠⁠⁠⁠Partnerships@goalhanger.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

We can't go back and change history.

0:03.0

The underdeveloped part of the EU single market is in services.

0:07.0

It is also, by a wide margin, the biggest share of both the EU's economy and our economy.

0:15.0

And if you are wanting to get the growth rate up in the UK, all of that, if you really want to achieve that, is another argument

0:22.7

for trying to get back inside the EU. Yeah. But there is a massive pot of gold at the end of that

0:28.0

particular rainbow if you could get back inside and start playing a leading influential role

0:34.2

in shaping the future of Europe's single market.

0:51.5

Hello, welcome to the rest is money with me, Robert Perston.

0:53.1

And with me, Steph McGovern.

0:59.9

And today we referenced this in the last podcast that Rachel Reeves was doing her Mays lecture.

1:03.7

So this was at City University, wasn't it?

1:10.3

Where she was basically telling us about what her plans are with growth.

1:13.3

You and I, Robert, have talked a lot about the fact that we haven't really had a growth plan. There's been nothing to suggest they have any ideas

1:18.3

when it comes to how they're going to grow the economy. So that is what we're going to talk about in

1:23.0

this episode. There were three big areas she hit on, which was AI, our relationship with Europe and devolution. So we want to talk through them. Also coming up today, we're going to be taking a closer look at some of history's greatest economic shifts. This is in partnership with our sponsor, Hargreaves Landsdown. But Robert, first of all, give us your take on it from the top. Well, just two big things to start with, and we're going to drill down.

1:45.8

One is quite a lot of what you announced today.

1:47.6

It's perfectly sensible, but, you know, frankly, all of it could have been announced a year and a half ago and started a year and a half ago. It's another manifestation of how much time they've wasted. And the second thing, you know, I spent, as you know, spending a very unhealthy proportion

2:02.2

of my life talking to people who work in tech, people who invest in tech, and they keep talking

2:07.9

to me about how they are now taking, have you come across this expression, the red pill?

2:14.7

Do you know about the red pill? Yes, I do. The manosphere. God. So, so, well, the red pill. Do you know about the red pill? Yes, I do. The manosphere. God.

2:18.4

So, so well, the red pill is, you know, from the matrix, it's the pill which allows you to see

2:23.5

the world as it is. The blue pill, you know, is the sort of comforting world of, that's been

...

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