Wake Up to Money

James Reid, Chief Executive of Reed and son of founder Sir Alec Reed, shares captivating insights about family business dynamics and legacy. He reminisces about his father's warmth and entrepreneurial spirit, the company's humble beginnings, and inventive workplace culture. James discusses the challenges of succession, the importance of philanthropy through the Reed Foundation, and engaging major donors to boost generosity. He reflects on the lasting influence of his father and the need to prepare future family leaders in the business.

James Reed, Chief Executive and Chair of the long-established UK recruitment business Reed, shares his heartfelt reflections on his late father, Alec Reid, and his enduring legacy. He discusses the impact of family succession on the company and the unique values of philanthropy that Alec championed. James reminisces about growing up in an entrepreneurial environment and the early successes of Reed Recruitment. He also elaborates on the innovative Big Give initiative that multiplies donations, emphasizing the importance of generosity in fostering community support.

Join Simon Noble, Chief Executive of Cezanne HR, Jane Sydenham, Investment Director at Rathbones, and Clive Chesser, Chief Executive of Pure Gym, as they navigate the current landscape of retail and hospitality. They discuss the delayed consumer spending due to budget concerns, the integration of leisure into shopping experiences, and Clive's insights on how weight-loss drugs should complement exercise. Expect a deep dive into gym trends, the changing after-work culture, and the future outlook for hospitality after a challenging year.

We gauge reaction to the u-turn on the inheritance tax hike on farms & business assets. Will Bain also reflects on a massive year for Birmingham's bins - following ongoing strike action from refuse workers in the city. And as almost 13 million shoppers try to bag a last minute gift for their loved ones, we head to one shopping centre in Liverpool.

Mike Tompkins, Chairman of M&MR, discusses the pressures of Christmas retail logistics, including challenges with deliveries and budget changes affecting operations. Judith McKenzie, a partner at Downing Fund Managers, analyzes market trends, highlighting the impact of a £26bn shortfall on UK IPOs and the effects of Brexit on retailers. Both guests emphasize the uncertainty caused by delays in the Defence Investment Plan, raising concerns about investment decisions and skilled labor in the defense sector.

Peter Shreversman, co-owner of Hotel Anfield, dives into the holiday hospitality scene, revealing mixed experiences in Liverpool and solid results in Wrexham amidst staffing and business rate challenges. Lindsay James, investment strategist at Quilter, shares insights on job market outlooks, highlighting vulnerabilities in the hospitality sector due to rising costs and consumer spending pressures. The conversation also touches on the importance of vocational training as a viable pathway for youth amid concerns over job saturation and economic stability.

In this engaging discussion, Micah Currie, VP of Personal Finance at PensionBee, explains how recent rate cuts and falling inflation could influence mortgages and hiring. Frances Coppola, an independent economist, shares insights on inflationary pressures and the challenges ahead for employment. Kevin Brundish, CEO of Lionvolt, highlights the impact of investment in battery manufacturing. Finally, Tom Forth discusses delays in local transport infrastructure, emphasizing its importance for economic growth as Christmas dinner prices soar.

Yogita Bauer, managing director of Time Clinic Medical Aesthetics in London, shares insights on the latest trends in aesthetic treatments and the shifting demands of clients. She highlights how seasonal changes impact treatment preferences and discusses what to expect in 2025. The conversation also delves into the implications of falling interest rates on small businesses and consumers, suggesting a potential revival in spending in the coming years. Overall, it's an engaging look at the intersection of aesthetics and economic factors.

Harriet Hastings, founder and creative director of Biscuiteers, shares insights on rising costs and how licensing deals affect her handmade biscuit business. Meanwhile, Seb Golden, Chief Executive of Red Driver Training, tackles the pressing issue of long driving test wait times, discussing recruitment challenges for examiners and how these hurdles impact both learners and driving schools. Together, they highlight the intersection of business pressures and public service inefficiencies in their respective fields.

Sophie Hune, a portfolio manager at BNP Paribas Asset Management, discusses the much-needed regulation of cryptocurrencies and how younger investors are navigating this volatile space. Andrew Nelstrop, founder of the English Distillery, shares his hesitations about accepting Bitcoin for casks due to its instability. Dan Machulski from eToro delves into consumer behavior in crypto trading and the importance of consumer protection. Together, they explore the potential of a digital asset hub in the UK amid evolving regulations.