The Business

How will US Treasury Secretary Scott Bessent and global bond markets impact UK borrowing, John Healey’s UK Budget, and the wider UK economy? Rising inflation rates, soaring government debt, and higher borrowing costs are putting severe pressure on global markets. But can politicians intervene without making things worse?

The US Treasury intends to double its buyback operations of government bonds to control yields. But how far can Scott Bessent go before investors lose faith?

In this episode of The Business, Dominic O’Connell brings you essential market analysis with The Times economics editor, Mehreen Khan, and Chris Jeffery, Head of Macro Strategy at Legal & General Investment Management. They unpack how spiralling UK borrowing costs affect everything from mortgage rates to pension values, delivering the definitive financial news breakdown.
If you enjoyed this episode, make sure to press follow at the top of your podcast app.

Guest:

Chris Jeffery, head of macro strategy, Legal & General Investment Management
Mehreen Khan, economics editor, The Times

Presenter:
Dominic O'Connell. business correspondent, Times Radio

Producer: Hope Federico
Executive Producer: Miriam Hall and Emily Leahy
Video Producer: Bronwen Latham
Image: Getty
Get in touch: thebusiness@thetimes.com
Hosted on Acast. See acast.com/privacy for more information.

How did Trinny Woodall build a global cosmetics empire by targeting an overlooked market? Hannah Prevett speaks to the Trinny London founder about entrepreneurship, corporate strategy, and leading a modern British business.

In this bonus episode, Trinny Woodall shares how she turned personal brand authority into an innovative enterprise, which she launched at age 53. As one of the UK’s most prominent industry leaders, Trinny Woodall explains why raising capital was challenging, how she navigated changing retail trends - and what it takes to scale a brand.

"The more we go into AI, the more important it is when you scroll through social, you're being sent an ad or you're seeing something on a billboard ... That company has a soul and it has a code of beliefs which are not to do with the product it's selling you," she says. "That code of beliefs is actually what you relate to and connect with, and therefore, at that top-line level, you agree with what the feeling is, of that brand."

If you enjoyed this episode, make sure to press follow at the top of your podcast app and look for the full episode with Trinny Woodall wherever you get your podcasts.

Guest:

Trinny Woodall, founder and CEO of Trinny London

Presenter:

Hannah Prevett, associate business editor at The Sunday Times

Producer: Hope Federico
Executive Producer: Miriam Hall and Emily Leahy
Video Producer: Bronwen Latham
Get in touch: thebusiness@thetimes.com
Hosted on Acast. See acast.com/privacy for more information.

How did Trinny Woodall build cosmetics brand Trinny London into a multimillion-pound British business? Hannah Prevett speaks to the founder about reinvention.

Few people understand business reinvention quite like Trinny Woodall. Best known for her hit television career, Trinny Woodall launched her cosmetics enterprise Trinny London from her own home in 2017 at age 53. In this episode of The Business, we explore how she navigated fundraising hurdles, targeted the over-40s skincare market, and established a major force in UK retail trends.

Trinny Woodall reveals the corporate strategy behind building her beauty brand from scratch, her non-negotiables in hiring, and why establishing a support network of female founders was crucial to her success in entrepreneurship.

"You need to really build a network of other female founders so that you feel you have women at the same place as you with the same struggles," Woodall says. "Because it's important to sense-check your thought process against somebody who is in a very similar position to you."

Guest:

Trinny Woodall, founder and CEO of Trinny London

Presenter:

Hannah Prevett, associate business editor, The Sunday Times

Producer: Hope Federico
Executive Producer: Miriam Hall and Emily Leahy
Video Producer: Bronwen Latham
Get in touch: thebusiness@thetimes.com
Hosted on Acast. See acast.com/privacy for more information.

Is tax policy driving away British business leaders? Hannah Prevett speaks to Castore co-founder Tom Beahon about the future of UK business.

In this bonus episode of The Business, Castore Co-founder Tom Beahon shares his concerns that successful entrepreneurs have little incentive to remain in the UK under current fiscal policy - and what changes he hopes Prime Minister Andy Burnham will deliver.

Founded in 2015 by Tom and his brother Phil, the sportswear company designs bespoke kits for premier football clubs and has become a major player in retail trends. It was last valued at almost £1 billion.

While Beahon has no desire to leave Britain himself, he warns that talented business leaders are choosing international tax havens over building businesses within the UK. He is increasingly concerned that “our best and brightest, our most capable people” are choosing to leave Britain.

“Let's not pretend otherwise,” he says on the show. “That is not good - that doesn't make me happy, I don't think it makes anyone in the entrepreneurial community happy.”

Beahon argues that the government should be asking why successful British businesspeople are moving abroad, rather than criticising them for doing so. He says the UK needs to become a place where people want to, not only to start businesses, but to build and scale them. Beahon believes Burnham should make some difficult decisions on public spending, warning that there is a limit to how much can be taken from those at the top.

If you like this bonus episode, be sure to watch the full interview with Tom Beahon on Times Business, or listen wherever you get your podcasts.

Guest:

Tom Beahon, co-founder of Castore

Presenter:

Hannah Prevett, associate business editor at The Sunday Times

Producer: Hope Federico
Video Producer: Bronwen Latham
Executive Producers: Emily Leahy and Miriam Hall
Photo Credit: Getty
Get in touch: thebusiness@thetimes.com
Hosted on Acast. See acast.com/privacy for more information.

How did Castore disrupt global kit deals to build a British sportswear brand valued at almost £1bn? Hannah Prevett speaks to co-founder Tom Beahon about taking on Nike and Adidas.

In this episode of The Business, we look at how Castore transformed from an ambitious startup into a major player in sportswear, securing high-profile kit sponsorships across Premier League Football clubs and international athletics.

Alongside his brother Phil, Tom founded the brand from his parents' kitchen table in 2015 - channelling his early setbacks as a football player into focus and resilience. On the show, he explains what it was like to recover from the Aston Villa kit debacle, lifts the lid on Sir Jim Ratcliffe’s investment and walks through landing Sir Andy Murray as an investor.

We examine the corporate strategy, supply chain management and entrepreneurship required to challenge legacy sportswear giants. "It didn't make sense to us why there wasn't a British competitor to Nike, Adidas, Puma," Beahon says. "Why can't there be a premium British alternative to these guys? And if not us, then who?"

From navigating shifting consumer demand to expanding into global markets, we analyse what the growth has meant for the company so far, and what might be next.

Guest:

Tom Beahon, co-founder of Castore

Presenter:

Hannah Prevett, associate business editor at The Sunday Times

Producer: Hope Federico
Video Producer: Bronwen Latham
Executive Producers: Emily Leahy and Miriam Hall
Photo Credit: Getty
Get in touch: thebusiness@thetimes.com
Hosted on Acast. See acast.com/privacy for more information.