A place where I organise the chaos of my mind

Tag: UK

In Praise of the Entrepreneur: The Engine Behind Economic Growth

January’s news of the month centres on economic growth and the ecosystem in which it actually happens: a bold, ambitious one.

In a raw and unusually candid note about his time as Prime Minister, Rishi Sunak wrote that political pressure motivated him away from a strategic focus on economic growth and towards what he termed “affordability”. His own verdict was that this was a “[costly] mistake”. The note itself was written to draw the current Prime Minister, Keir Starmer’s, attention to what he believes are the same errors being repeated (link below).

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Octopus & Kraken: My Business of the Year (2025)

2025 was, on balance, a good year for UK business. And I would be right to say It did not always feel that way in real time.

There were the familiar frustrations: taxes rose again, political promises went unmet, and the drought of IPO on the London Stock Exchange continued to prompt uncomfortable questions about Britain’s competitiveness.

Yet beneath the surface noise, the picture was far from bleak. The FTSE 100 delivered a historic 21% return in 2025, closing the year at record highs and crossing the 10,000 mark on the first trading day of 2026. UK companies raised over $8 billion in venture capital, with investment up 3% in the first half of 2025 compared with the second half of 2024 (HSBC). Meanwhile, 426,000 new companies were incorporated in H1 2025 (NatWest), including record AI companies – pointing to a broad-based recovery in entrepreneurial confidence.

So there were the bad and the good.

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September – Kraken spun out of Octopus Energy

For me, the most important business story of September out of the UK was the news of Kraken being spun out of Octopus Energy to become an independent company — valued at $10 billion.

In an earlier post I made on Twitter, I expressed how impressed I am with the success of the company. It’s a peerless story and one that makes for a great study: how a radical focus on customer satisfaction, enabled by technological innovation, can create tremendous shareholder value — even in a sector as old as energy.

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