Wake Up to Money Factories on the floor
May 23, 2025
Namesha Raja, CEO of NIMS Naturally, discusses the rising costs and evolving trends in the wedding industry, particularly influenced by same-sex marriages in Ireland. Tinaka Frike, a Senior Fund Manager, shares insights on the implications of the EU-UK trade deal and inflation's impact on businesses and consumers. Lucas Balafutus, Professor of Economics, addresses budget constraints and immigration challenges affecting labor markets, shedding light on how these economic issues intertwine with personal stories and broader manufacturing trends.
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Wedding Industry Boosts Cocktail Business
- Namesha Raja discovered the wedding industry values her cocktail garnishes like dragon fruit and exotic passion fruit.
- Same-sex weddings bring more inventive cocktail garnish demands, boosting her business.
Trade Deal's Mixed Impact on Manufacturing
- The new UK-EU trade deal could ease importing citrus fruit and reduce border friction.
- Export opportunities to the EU, especially for fish, could improve after current post-Brexit drops.
Inflation Driven by Utilities & Wages
- UK's inflation rise driven by utility and water bill spikes, with food inflation still above target.
- Wage increases also pressurize prices, with services inflation reflecting continued wage pressure.