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In this episode of the DM-Mi Podcast, host Sukh Hayre speaks with economist Catherine McBride about the realities of global trade, Brexit, and the economic challenges facing the UK today.
Drawing on her experience in financial markets and her role on the UK Trade and Agriculture Commission, Catherine breaks down common misconceptions around international trade, including why countries do not simply trade with their nearest neighbours and how cultural and institutional differences shape economic outcomes.
The conversation explores the impact of Brexit on the City of London, the truth behind predictions of financial firms leaving the UK, and why London remains a dominant global financial hub. Catherine also offers a critical perspective on UK energy policy, arguing that high energy costs and net zero commitments are driving deindustrialisation and limiting growth in key sectors such as manufacturing, AI, and data infrastructure.
The discussion expands to US trade policy, examining tariffs under both Trump and Biden administrations, and reframes them as part of a broader national security strategy rather than purely economic protectionism.
This episode challenges conventional economic narratives and offers a clear-eyed view on trade, regulation, energy policy, and what needs to change for the UK economy to thrive.
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