Wake Up to Money

Trump and tariffs - one year on

Jan 20, 2026
Louise Kernaghan, Head of Global Equity Opportunities at BNY Investments, shares insights on how U.S. equity markets responded to the past year's tariff policies. Neil Clifford, Chief Executive of Kurt Geiger, discusses his company's Business by Design academy, emphasizing vocational training as a means for social mobility. They explore the limited macro impact of tariffs, challenges businesses face in uncertain environments, and the ongoing debate about the value of practical skills versus traditional academic paths.
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ANECDOTE

From School Failure To Founder

  • Neil Clifford recounted failing academic exams and finding his path through retail and creativity rather than traditional schooling.
  • He started an academy to give underrepresented young people direct vocational routes into fashion and retail careers.
ADVICE

Rebuild Education Around Work Skills

  • Rebuild education to include vocational skills like sales, finance, IT, and store operations tied to real jobs.
  • Create apprenticeships and industry-led curricula to broaden routes to stable careers outside university.
ANECDOTE

Security Firm Expanded Internationally

  • Ian McAllister described expanding his security business beyond the UK into markets like Saudi Arabia.
  • He stresses diversification abroad to reduce reliance on domestic budgets and seasonal sectors.
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