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Making Money

The hidden crisis in the UK economy

Nov 4, 2024
Join Andrew Craig, author and founder of Plain English Finance, as he unveils the hidden crises in the UK economy. He discusses the alarming decline in stock market value and the need for financial literacy to support local businesses. Explore the promising future of biotechnology and its potential to reshape industries while addressing pressing global challenges. Craig also highlights the struggle of small businesses with cash management and urges a focus on investing in undervalued biotech firms to revitalize the economy.
01:09:15

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The UK economy has suffered drastic declines, with the stock market losing over a trillion pounds in value and impacting per capita income.
  • A significant reduction in smaller companies listed on the stock market has hindered innovation and job creation, crucial for economic growth.

Deep dives

The Efficiency of Outsourcing Compliance

Outsourcing compliance can significantly reduce the administrative burden in both personal and business contexts, particularly regarding necessary regulations like GDPR, SOC 2, and ISO 27001. Compliance with these standards is essential for securing business deals, even though they aren’t the main focus of building a business. Automation tools, such as those offered by Vanta, can handle a substantial portion of the compliance workload, streamlining the process and preparing businesses for audits in a fraction of the time it usually takes. This outsourcing not only saves valuable time and resources but also allows business owners to concentrate on growth and innovation.

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