Robert Peston named as economics editor

Robert Peston

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Robert Peston will switch from being the BBC's business editor to take up the post of economics editor.

He will replace Stephanie Flanders, who recently announced she was leaving the BBC to join the bank JP Morgan in November.

Peston, who has been business editor for eight years, said he was thrilled to take up a new challenge, adding: "I am excited by the prospect of trying to get underneath what's going on in the British economy and global economy, especially in the run-up to the 2015 general election."

Robert Peston and Jamal Edwards Peston, seen with entrepreneur Jamal Edwards, has a reputation for not taking himself too seriously

Since joining the BBC, he has become a household name with his coverage of the financial downturn, gaining a reputation for securing scoops, including when he broke the news that Northern Rock sought emergency funding in 2007.

He has also presented documentaries, including BBC Two's Robert Peston Goes Shopping, and written books about the economic crisis.

Jon Zilkha, editor of the BBC Business & Economics Unit, said: "With debate about the state of the economy and the cost of living likely to be central to our agenda in the run-up to the next election, it is clear Robert has the ideal combination of economic and financial expertise, political insight and broadcasting flair to give our audiences and programmes the best service in the years ahead."

Before joining BBC News, Peston was political editor and financial editor at the Financial Times, and city editor at the Sunday Telegraph. He has also been a columnist for the New Statesman and Sunday Times.

The BBC will now begin recruiting for a new business editor.

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