Robert Peston

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    Robert Peston

    Robert Peston is the BBC's Business Editor. Prior to joining the BBC, he was Political Editor and Financial Editor of the Financial Times, City Editor of the Sunday Telegraph and a columnist for the New Statesman and Sunday Times (inter alia). He has won numerous awards for his journalism, including Journalist of the Year and Scoop of the Year (twice) from the Royal Television Society, Performer of the Year from the Broadcasting Press Guild, Broadcaster of the Year and Journalist of the Year from the Wincott Foundation and Business Journalist of the Year from the London Press Club. Peston has published two critically acclaimed books, WHO RUNS BRITAIN?, his best-selling account of who is to blame for the economic and financial crisis of 2007-9, and BROWN'S BRITAIN, a biography of Gordon Brown and analysis of the New Labour government. His prize-winning blog, which has more than 800,000 readers, can be found at He is the founder of Speakers for Schools (, a pro bono educational service which organises free talks from inspirational speakers for students at state schools. He is a trustee of the Education and Employers Taskforce. His most recent book is HOW DO WE FIX THIS MESS? THE ECONOMIC PRICE OF HAVING IT ALL, AND THE ROUTE TO LASTING PROSPERITY.

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Visit Robert Peston's prize-winning BBC blog, in which he analyses, discusses, and explains the issues in business that matter to us all.
A blog by Robert Peston

How Do We Fix This Mess?

Hodder author and BBC Business Editor, Robert Peston, blogs about the lessons we can learn from his new book, HOW DO WE FIX THIS MESS?

Robert Peston

Robert James Kenneth Peston (born 25 April 1960) is a British journalist. Since February 2006, he has been the Business Editor for BBC News. He became known to a wider public with his reporting of the late-2000s financial crisis, especially with his scoop on the Northern Rock crisis.
Hodder & Stoughton

How Do We Fix This Mess? The Economic Price of Having it all, and the Route to Lasting Prosperity

By Robert Peston

'Robert Peston's compelling account of global financial meltdown is a must-read..' - The Observer

Former economics editor of BBC news explains the recent global economic mess and how to escape it - in his characteristically straightforward way.

'How do we fix this mess? I don't know. But don't stop reading now. Perhaps if we have a clearer understanding of what went wrong, we'll have a better idea of what needs to be done. This book is a map of what needs to be fixed.'

The record-breaking unbroken growth between 1992 and 2008 wasn't the economic miracle that it seemed. It was based on a number of dangerous illusions - most notably that it didn't matter that the UK and US year after year consumed more than they earned.

But we couldn't go on increasing our indebtedness forever. The financial crash of 2007/8 and the subsequent economic slump in much of the west was the moment when we realised we had borrowed more than we could afford to repay.

So who got it wrong? Bankers, investors and regulators? And were they greedy, stupid or asleep? What was the role of government? And what part did we, as consumers, play in all this?

How do we get through this difficult period of transition to a more sustainable economy, one based on investment and exports, rather than on borrowing and consumption? With the same probing lucidity he brought to WHO RUNS BRITAIN?, Robert Peston takes us step-by-step towards a common sense way to fix this mess.

Robert Peston's compelling account of global financial meltdown is a must-read... His discursive, conversational but entrancingly fact-studded trip around the disaster zone ought to be mandatory reading for anyone who wants to have a voice in where we go from here.HOW DO WE FIX THIS MESS? is the book of the film and more... brought to life by war stories from the BBC, simple analogies and colourful language... he does know how to elucidate apparently impenetrable issues, and he guides us intelligently and entertainingly... readable and thought-provoking.Robert Peston is not so much a journalist as a phenomenon... And now he has managed to fit in a book... that displays his gargantuan appetite for facts, numbers and economic and financial history... Peston's range is dazzling.... Peston is a BBC treasure - one of the journalists who justify the licence fee. If, every few years, he needs to breathe out and write a long book, we should encourage it. As they used to say in the pre-Twitter age, he knows his stuff.compelling reading.Reads like a wildly implausible financial thriller.Lucid explanations... stark analysis of what the financial meltdown means for us... Peston's book is actually scarier than most descriptions I've read of the crisis. It goes way beyond Wall Street and City greed in its scope.He is good on the follies of the bankers... He is also good on the detail. Anybody who wants to know what a collateralised debt obligation or a credit default swap is will find it here.Essential reading... an excellent expose of the financial crisis.Brilliant. I now understand everything.Robert Peston was the voice of the financial crisis, just as Terry Wogan will forever be the voice of the Eurovision Song Contest. Vocal tics and all, he's now an official national treasure.Mr Peston, an award-winning print journalist before he became the Business Editor of the BBC, has many strengths. Chief among these are his sources and a terrier-like determination to get the story. Mr Peston passionately articulates why everyone should be frustrated with the banking sector--and financial globalisation more generally. For a tale of how the British banks blew up, readers will find juicy details.Robert Peston's great book on the world financial crash... 400 information-packed pages... If Mr Peston has a lesson for us, it is that until we fix the banking system, we will have achieved nothing.'The author charts the past 20 years of steady economic growth and consequent bust, lucidly explaining the shortcomings of the banking system and the effects of globalisation, before returning to the present state of the UK, all invitingly.'Praise for WHO RUNS BRITAIN?A compelling portrait of early 21st century casino capitalism...essential reading.This lucid and timely guide to the world of turbo-capitalism...absorbing book, essential reading for anyone who wants to know how the British economy now operates.A devastating account of Blair's producer capture by high finance...Peston navigates with ease the shark-infested waters of hedge funds, sub-prime borrowing, defined-benefit pensions and loans for honours.Fluent, incredibly up to the minute look at Britain...Peston, in relaxed, conversational; style is a great travelling companion along the highways of finance.starkly lucid...Reading Peston's book, you can only be flabbergasted all over again at how Labour kowtowed to wealth, glorified the City and put the nations economic eggs into one dangerous basket of fizzy finance.'Peston catches the zeitgeist of Britain and the paradox that is Gordon Brown''engaging'Robert Peston is very lucid on some of the biggest issues of the day. I thoroughly recommend it.We are unfortunately still in the middle of this crisis. But at least we will have Robert Peston to give us that famous 'first draft of history' provided by excellent reporting.One of the best accounts of the financial crisis, recession and how we get out of it.How on earth did the world get into such a catastrophic economic mess? And more importantly, how can we not make the same mistake twice?WHO RUNS BRITAIN? Was the number one bestselling business book of 2008 - over 100,000 copies were sold through UK Bookscan.Robert is a regular contributor to all BBC News channels, often several times a day.He blogs at least once every day and each one generates hundreds of comments.He has over 100,000 twitter followers.
Hodder Paperbacks

Who Runs Britain?

By Robert Peston

'A compelling portrait of early 21st century casino capitalism ... essential reading.' - The Times

On 13 September 2007, Robert Peston broke the news that Northern Rock had become a victim of the global credit crunch and was seeking an emergency loan from the Bank of England.

It was the latest in a long line of scoops by this award-winning journalist. Over the weeks that followed, the Government found itself exposed to the Rock to the tune of £57 billion, or almost £2000 for every taxpayer. As Robert Peston shows in this fascinating book, the seeds for the collapse of Northern Rock and the upheavals in the financial markets were sown years before.

WHO RUNS BRITAIN? is the first time anyone has drawn all the threads together to weave a story that's rich in extraordinary characters and outrageous feats of economic bravado. This book is about the widening gap between the super-rich and the rest of us. It explores and explodes the myth that the financial creativity of those who are amassing these vast fortunes is good for the wider economy and for all of us. Whether you're a financial expert or just have a bank account, WHO RUNS BRITAIN? is a book you must read.

A compelling portrait of early 21st century casino capitalism ... essential reading.Fluent, incredibly up to the minute look at Britain ... Peston, in relaxed, conversational style is a great travelling companion along the highways of finance.This lucid and timely guide to the world of turbo-capitalism ... absorbing book, essential reading for anyone who wants to know how the British economy now operates.starkly lucidPeston catches the zeitgeist of Britain and the paradox that is Gordon Brown.engagingPeston is our rock... The triumph of Robert Peston makes me proud of my old paper, the BBC and of journalism in general.This remains the most riveting book on finance you may ever bother to read.I recommend this bookwonderful claritythis remains the most riveting book on finance you may ever bother to readBook of the yearITV's political editor Robert Peston lifts the lid on credit crunch Britain and the rise of the super-rich.This is not just an economics book, but a book for everybody with a bank account or a mortgage. The definitive guide to Britain todayNewly updated paperback edition, with an exciting new coverRobert Peston appears on television and radio regularly - he is the most respected and accessible economics journalist todayThe often unexpected truth behind Britain's most powerful figures

Robert Peston lifts the veil on the hidden story of Britain`s new ruling class.

Who makes the decisions in this country? Who is the power behind the throne? Who`s really in charge? Let the BBC`s business correspondent Robert Peston take you through the looking glass on a behind-the-scenes tour of Britain`s hidden power brokers and the reasons behind their rise.There`s a new elite in town - and it`s not who you might think . . .

WHO RUNS BRITAIN? is essential reading for anyone who wants to know what`s really happening in this country, and why.

Formerly editor of the Sunday Telegraph`s Business and Money sections, Robert Peston is now the BBC`s business correspondent. He was the Financial Times`s political editor between 1995 and 2000 where he won the What The Papers Say award for investigative journalism.

Robert Peston interview in the Evening Standard

Robert Peston ... life in the eye of a perfect storm

Talking to Alison Roberts about his latest book HOW DO WE FIX THIS MESS?