Tag: UK

If you’ve been waiting for an update on my most important business and economic news of December, it is finally here. The holidays delayed its publication until now.

As the curtain closes on November, I have my candidate for the most important piece of economic and business news from the UK for you (if you missed previous months, see comment for links)

It’s about energy in the UK. First, let’s do some reality checks

The millionaire threshold of wealth is often used to measure some sort of arrival, especially when based on hard currencies like the pound or usd or euro. So, it is often actively tracked. In the UK, there are approximately 3.1 million millionaires (1).

When you think about the UK and take time to analyse all the news published about its business and economy, you could easily become depressed by the state of things. Government barely scraping by, businesses struggling to survive, consumers losing wealth — it’s often hard to find news that lifts you up. Well, that was the case until what I’m about to share.

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.