Merryn Talks Money

To Get The UK Growing Again, We Need Cheap, Secure Energy with Simon French

Jan 24, 2025
Simon French, Managing Director and Chief Economist at Panmure Gordon, shares his insights on revitalizing the UK economy. He argues that boosting growth begins with increasing North Sea oil and gas production. The conversation covers the shifting governmental focus from blame to growth, and the necessity for straightforward tax structures and local energy sources. French highlights the importance of infrastructure and education in economic reform while discussing the challenges of politician vulnerability and energy costs. It's an informative mix of humor and serious economic strategy!
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INSIGHT

Encouraging vs. Creating Growth

  • Governments cannot create economic growth, they can only encourage it.
  • This viewpoint is shared by the podcast participants but isn't universally held.
INSIGHT

The Vibe Shift

  • The UK government's focus on blaming its economic inheritance was a strategic error.
  • This negativity damaged market sentiment and hindered potential growth opportunities.
INSIGHT

Budget's Impact on Employers

  • The UK budget negatively impacted employers due to increased taxes and new regulations.
  • This has led to a decrease in private sector investment and a cautious approach to pay rises.
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