Wake Up to Money New year, same economy
Jan 2, 2026
In this insightful discussion, guests Fal Blake, co-founder of Gresham Blake, talks about retail operations and customer behavior. Ross Mould, Investment Director at AJ Bell, shares market insights on the FTSE and investor sentiment. Economic advisor Shellyann Horne analyzes UK inflation and fiscal policy, while Stephen Kelly, CEO of Zervata, delves into the practical applications of AI and its economic implications. Together, they explore the challenges facing local businesses and the impact of tariffs and AI on the evolving marketplace.
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Episode notes
Eurostar Delay Led To Lyon Detour
- Ross Mould recounted being stranded after Eurostar cancellations and rerouting via Lyon and a delayed flight.
- He viewed the forced detour as an unexpected chance to enjoy Lyon despite travel disruption.
Early Growth Lost Momentum
- UK growth started strong in early 2025 but momentum faded into contraction by autumn.
- Tariff uncertainty and domestic policy volatility acted as a drag on investment and confidence.
Markets Expect Tariff Workarounds
- Investors expect policy workarounds if US tariffs are legally constrained.
- Financial markets treat current tariff levels as manageable given likely administrative responses.