Join Laura Keir, Chief Executive of Protein Works, as she dives into the dynamic world of fast-growing businesses. She discusses navigating domestic growth against the backdrop of international tariffs, shedding light on strategies that have fueled her company's success. The conversation touches on the implications of upcoming tax changes and regulatory challenges that businesses face today. Amidst current events, Keir shares insights into how companies can adapt and thrive even during turbulent economic times.
Businesses are concerned about tax policy changes and rising operational costs amid economic uncertainties, prompting a demand for clearer government support.
The power disruption at Heathrow highlighted the pressing need for reliable energy infrastructure and effective contingency plans to minimize operational risks.
The ceramics sector faces significant challenges due to rising energy costs, but the acquisition of Royal Stafford's machinery offers a potential path forward for preserving traditional manufacturing.
Deep dives
Impact of Spring Statement on Business Growth
The Spring Statement is a focal point for discussions related to public spending and taxes, directly affecting businesses across the UK. Insights reveal that businesses are looking for clarity on how upcoming policy changes will impact their operational growth, especially amidst economic uncertainties. For instance, companies are particularly concerned about rising costs associated with national insurance and the minimum wage, which add financial pressure. The government’s proposed budget cuts to civil service roles are viewed as a potential measure to relieve some of this economic strain, but the overall effectiveness of such steps remains to be seen.
Heathrow Chaos and Energy Reliability
The recent power disruption at Heathrow raised critical questions about the reliability of energy supplies for essential infrastructure. The situation was exacerbated when a fire at a substation led to operational chaos, impacting hundreds of flights and leading to significant financial consequences for airlines like British Airways. In examining the broader implications, experts discussed the need for effective backup systems and contingency plans to ensure uninterrupted power supply for crucial facilities. This incident highlights the importance of evaluating and improving the resilience of energy infrastructure to prevent similar occurrences in the future.
Challenges in the Ceramics Industry
The ceramics sector faces significant challenges, particularly due to the rising costs of energy which have pressured many manufacturers. The recent liquidation of Royal Stafford was a stark indicator of these industry struggles, yet the acquisition of their machinery by TG Green offers a glimmer of hope. The new operational setup aims to retain experienced employees and maintain high-quality production standards amidst shifting market conditions. This transition also underscores the crucial need to sustain traditional manufacturing sectors in regions known for their historical craftsmanship.
Disney's Snow White Remake Performance
The release of Disney's live-action remake of Snow White has sparked concerns over its box office performance, achieving significantly lower returns than expected. Despite the nostalgia associated with the original animated classic, audiences have reacted with mixed feelings towards this modern adaptation, attributing some skepticism to the film's marketing and political themes. Disney's strategy appears to hinge on merchandise potential and future streaming revenue, hoping this will offset early losses. The mixed reception has prompted questions regarding the viability of more live-action adaptations of beloved classic films in the current market.
Government Support for Business Expansion
Businesses are seeking clearer government support for international expansion and trade as they navigate post-Brexit challenges. The focus on establishing trade deals is essential for companies like Protein Works, which has significant overseas operations. Industry leaders argue that regulatory alignment and removal of bureaucratic barriers would enable faster and more efficient operations across borders. As businesses push for more proactive measures from the government, the importance of fostering an environment conducive to growth remains a critical point of discussion.
Will Bain looks ahead to the Chancellor's Spring Statement with a panel of guests. And we have the latest on Heathrow after an electrical substation fire saw flights cancelled
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