Explore every episode of the podcast Trading Up

The global bond market is a $200 trillion beast, and it’s turning up the heat on our political masters. In this eye-opening episode of Trading Up, hosts Jim Fitzpatrick and Richard Ramsey expose how global investors known as "bond vigilantes" are intimidating the world’s most powerful leaders.

From the UK, where Andy Burnham’s government is squeezed by £120 billion in annual interest payments, to a booming US economy choking under Donald Trump’s $40 trillion debt bomb and a costly six-month conflict in Iran, the era of endless debt rollovers is having real world consequences.

Most shockingly, the tables have turned: former bailout nations like Greece and Ireland now manage their debt better than the US or UK.

With Treasury Secretary Scott Bessent’s bond-buying band-aids failing and skyrocketing interest costs now eclipsing entire defence budgets, this episode explores the sense that a global financial day of reckoning is looming, and there is nowhere left to hide.

Hosted on Acast. See acast.com/privacy for more information.

Jim Fitzpatrick brings together three extraordinary stories of entrepreneurial grit and resilience. First, former Ford executive Lyle Waters reveals how facing reality saved an 'unsolvable' South American auto operation, turning a $1 billion annual loss into a $300 million profit.

Next, brother and sister team Paul and Claire Vallely of Kukoon Rugs discuss surviving 'technofeudalism' on giant platforms like Amazon and Meta, where modern digital marketing costs can now exceed physical product costs.

Finally, the Martin Tierney of Seating Matters shares his inspiring journey to Japan, where he knocked on Toyota’s door to master lean manufacturing principles. He explains why he pays it forward by sharing this lean wisdom. Discover these crucial, proven insights on honesty, grit, and long-term business strategy.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Fiona Bennington of Catalyst shares her journey through the world of invention and product design. She details how she developed an innovative wearable device to manage period pain - a product that successfully made sales and won a major category award, but ultimately served as a profound learning experience in commercial failure.

Though her invention solved a painful, real-world problem, its lack of a scalable strategy taught her that engineering a great product is only half the equation. Fiona reflects on her critical identity shift from a problem-solving engineer who simply wanted to build things, to an entrepreneur who understands how to commercialise them. She explains why commercial viability is the ultimate foundation of sustainable, long-term impact.

Today, Fiona brings these hard-won lessons to her role at Catalyst, empowering early-stage founders to turn their own inventive designs into scalable businesses. Tune in to discover why success and failure are both vital in the entrepreneurial journey.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up Unpacked, Jim Fitzpatrick and Richard Ramsey dissect the intensifying profit squeeze gripping Northern Ireland businesses. Despite flat sales of £35 billion, pre-tax profits for NI's top 100 companies have plummeted by 17.5%.

Meanwhile, local PMI figures reveal new orders falling at their fastest rate in three and a half years, with sectors like retail and hospitality hit hard by rising costs.

The hosts examine domestic pressures, from National Insurance hikes to Prime Minister Andy Burnham’s bold gamble on social care. Burnham is navigating tight manifesto restrictions by leaning towards a 10% "death tax" or a 1.8% income care levy.

Globally, they analyse how Middle East conflicts have drained US strategic oil reserves to 1980s levels and evaluate Donald Trump’s record-low approval on inflation and his disruptive new tariffs. They also debate how regional supply chains face delays amid geopolitical tensions and local civil unrest.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up, hosts Jim Fitzpatrick and Richard Ramsey explore whether Belfast is positioned to capitalise on a massive, climate-driven tourism boom. As Europe swelters under devastating heatwaves and wildfires, a major travel trend has emerged: the "coolcation," where tourists actively seek out cooler climates to escape extreme heat and enjoy restorative sleep.

Can Northern Ireland—with its compact layout, rich cultural appeal, and UNESCO City of Music status for Belfast—become a premier destination for these travellers? The hosts weigh the massive £60 million economic projection from Belfast's Fleadh festival against serious local headwinds, including hotel booking declines following June’s civil unrest.

Looking to Scandinavia, they debate what Belfast must learn from the Nordic model of civic responsibility, waterfront design, and "leave no trace" environmental ethics to truly maximize its long-term tourism potential.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up, host Jim sits down with Peter McAuley, founder of Nomadic Watches, to discuss how he built Northern Ireland’s premier luxury watch brand from the ground up. Launching in Belfast in 2021 with a background in mechanical engineering, Peter set out to challenge established Swiss watchmakers by combining high-precision craftsmanship, accessible luxury, and rich local heritage.

Peter reveals how Nomadic grew from a boot-strapped side project selling 50 watches in its first year to a global business shipping 3,000 timepieces annually across 50 countries. He shares crucial insights on presale funding models, building customer trust through authentic founder storytelling, expanding into physical retail next to Belfast City Hall, and landing major international sponsorships like the United Rugby Championship. Discover how Nomadic transforms Belfast’s industrial engineering heritage into timeless storytelling.

Whether you are a business leader or an investor, tune in to discover key geopolitical risks, the hidden potential of public sector AI transformation, and bold economic predictions for the year ahead.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

Jim Fitzpatrick and Richard Ramsey explore the current paradoxes within Northern Ireland's employment landscape. Despite record-high job numbers and a remarkably low unemployment rate of 1.7%, a significant portion of the population remains economically inactive, and a disconnect exists between struggling employers and job seekers.

The hosts examine the obstacles facing young people, noting that entry-level opportunities and traditional summer jobs are shrinking due to increased employer costs driven by higher National Insurance contributions and National Living Wage hikes. These financial pressures are severely impacting the hospitality sector, resulting in reduced trading hours and job losses.

Additionally, they discuss the rise of AI and the "fear of becoming obsolete," though Ramsey predicts AI will ultimately create more jobs than it destroys. Finally, the episode advises workers to embrace lifelong learning and career flexibility to remain competitive.

Whether you are a business leader or an investor, tune in to discover key geopolitical risks, the hidden potential of public sector AI transformation, and bold economic predictions for the year ahead.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Trading Up podcast, host Jim Fitzpatrick is joined by Johnston Bell, partner at ARCEN—a firm uniquely blending architecture and engineering. Bell shares the strategic advantage of bringing creative architects and practical structural engineers together early in the design process to deliver better, more cost-effective solutions for clients.

He reflects on his journey from a rural farming background to leading a business that competes internationally from its Mid-Ulster base. Bell explains how the daily problem-solving and resilience required on a farm translate perfectly into managing the complex, unpredictable variables of construction projects.

The conversation also explores continuous leadership development, drawing inspiration from industry giants like Sir John Parker to step outside one's comfort zone. From designing the Dark Sky Observatory in Davagh Forest to planning future expansion into the Republic, this episode offers invaluable insights into leadership and business growth.

Whether you are a business leader or an investor, tune in to discover key geopolitical risks, the hidden potential of public sector AI transformation, and bold economic predictions for the year ahead.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Trading Up podcast, hosts Jim Fitzpatrick and Richard Ramsey dive into the biggest economic threats and opportunities facing Northern Ireland today. From the global ripple effects of US and UK political instability to rising inflation and defence spending, the hosts unpack how global geopolitics directly impacts local business.

Locally, they examine the severe consequences of political stagnation at Stormont. They highlight the urgent wastewater infrastructure crisis surrounding Lough Neagh, revealing how this failure is stalling an estimated £13 billion in housing and economic development. Can Northern Ireland adopt regional devolution models like Manchester to improve planning and infrastructure, or will local politics continue to stall growth?

Whether you are a business leader or an investor, tune in to discover key geopolitical risks, the hidden potential of public sector AI transformation, and bold economic predictions for the year ahead.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

Description: In this episode of the Trading Up podcast, host Jim Fitzpatrick sits down with Louise Doyle, co-founder of Needi, a corporate gifting concierge platform that went from a standing start to turning over millions. Discover the deep psychology behind why we give gifts and how Needi is disrupting the generic corporate merchandise market with hyper-personalised experiences that support local businesses.

Louise shares her incredibly inspiring personal journey—from overcoming childhood tragedy and bootstrapping her startup, to securing £2.4 million in VC funding as a first-time female founder. Learn how leading brands like DPD use bespoke gifting to boost employee retention, how AI can scale human connection rather than replace it, and the reality of navigating the "seesaw" of a demanding CEO role alongside motherhood.

Whether you are an entrepreneur seeking investment tips or a business leader wanting to maximize your team's motivation, this episode delivers invaluable insights.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

A decade after the historic Brexit referendum, Trading Up Unpacked hosts Jim Fitzpatrick and Professor Richard Ramsey dissect the real-world economic and political fallout of leaving the EU. Rather than a sudden crash, the UK economy has suffered a "slow puncture" with a hit to GDP; stifled business investment; and record-high tax burdens.

This episode unpacks the stark contrast between the Leave campaign's promises and today's realities. Discover why UK net migration soared to a record 891,000 in 2022 despite pledges to "take back control" of borders. The hosts also explore Northern Ireland’s unique post-Brexit landscape.

Benefiting from dual market access, Northern Ireland has experienced a remarkable all-island trade boom—with cross-border goods trade topping £10.6 billion in 2024—and record-low unemployment.

Tune in to understand the true impact of the Brexit decade and what it means for the future of the economy.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up, host Jim Fitzpatrick sits down with Gareth Kelly, the partner leading Data and AI for EY in Northern Ireland, to demystify artificial intelligence for modern enterprises. Rather than simply using AI for small productivity bumps, Kelly explains how companies must completely redraw their business processes to stay competitive.

The conversation explores how AI can be leveraged to achieve three core objectives: making money, saving money, and managing risk.

They explore the critical differences between generative AI and "agentic" AI, alongside practical use cases showing how AI is currently transforming traditional finance departments; empowering enterprise sales teams with AI co-pilots; and cutting costs in procurement.

Beyond the technical adoption, Gareth details the necessary ethical guardrails for data security and explains why human creativity and business acumen are more vital than ever. Whether you lead a lean startup or a large PLC, this episode provides a strategic roadmap for navigating the AI revolution.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up Unpacked, hosts Jim Fitzpatrick and Richard Ramsey explore the startling new projections for Northern Ireland's demographics. After decades of continuous growth, the population is set to peak in 2031 before entering a steady decline, meaning the two million mark may never be reached.

We unpack the severe economic implications of this unprecedented shift, from a shrinking working-age population and tightening labor supply to mounting pressures on public services, particularly a looming tsunami of spending required for healthcare. With Northern Ireland facing the UK's sharpest decrease in children and largest surge in pensioners, what does this mean for businesses, taxation, and the future workforce?

We also discuss surprising factors driving global birth rate declines, including the rise of smartphones. Tune in to understand how these long-term demographic trends will fundamentally reshape the Northern Irish economy.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this compelling episode of the Trading Up podcast, host Jim Fitzpatrick sits down with three leading legal minds from Lewis Silkin in Belfast: Ciara Fulton, Katey Dixon, and Olivia O'Kane. Discover how this innovative firm leverages its historical, foundational values of bravery and kindness to disrupt the traditional business of law and foster genuine leadership.

We explore Northern Ireland's booming, location-agnostic tech startup scene, where artificial intelligence is drastically accelerating development timelines and global investment deals. The conversation also delves into the complex evolution of media law, unpacking high-stakes global tech disputes, SLAPP cases, and rising digital threats like CEO impersonation and IP theft.

Finally, we get a crucial breakdown of the proposed Good Jobs Bill and what its modernising employment regulations will mean for local employers. Whether you are a founder, media professional, or corporate leader, this episode offers essential strategies for thriving in an AI-driven economy.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

Is the Northern Irish economy more resilient than the statistics suggest? In this episode of Trading Up Unpacked, Jim Fitzpatrick and Richard Ramsey sit down with Andrew Dolliver, Partner in Restructuring and M&A at EY, to uncover the surprising dynamism within the local market. Despite global "black swan" events like Brexit and COVID-19, Northern Ireland has emerged as a hotspot for mergers, acquisitions, and private equity investment.

Dolliver explains the shift from formal liquidations to creative, informal restructuring and how "war chests" of local wealth are fueling new opportunities. Discover why international funds are eyeing NI firms and the four essential pillars entrepreneurs need, including a strong management team and a clear growth story, to become truly "investable". Whether you are curious about the changing role of traditional banking or the rapid impact of AI on tech valuations, this episode offers an expert vantage point on the capital driving Northern Ireland’s future.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this gripping episode of the Trading Up podcast, Sir William (Bill) Browder joins Jim Fitzpatrick to share his extraordinary journey from a teenage capitalist rebel to becoming the largest foreign investor in Russia. Browder reveals how his efforts to expose the massive corruption of Russian oligarchs made him a top enemy of Vladimir Putin's regime and led to his sudden deportation.

He recounts the tragic torture and murder of his lawyer, Sergei Magnitsky, who uncovered a $230 million government-backed fraud, and how this heartbreak fueled a relentless 17-year global campaign for justice. This crusade birthed the Magnitsky Act, a revolutionary law passed in 35 countries to freeze assets and sanction human rights abusers worldwide. Browder also exposes the shocking 18-year false imprisonment of British businessman Ryan Cornelius in Dubai whose wife Heather is from Northern Ireland. Tune in for a powerful discussion on resilience, the global fight against corruption, and why business leaders must never compromise their ethics.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up, Jim Fitzpatrick sits down with Laura Murphy, the 29-year-old founder of Oatco Superfuel, a natural oat-based energy snack brand. Launched in May 2024, Oatco has experienced explosive 500% growth this year, surpassing £1 million in sales and landing in over 1,000 retail stores. Laura shares her inspiring journey of bootstrapping her startup from a local kitchen in Tyrone to pitching on Dragon's Den. She reveals the preparation strategy behind securing three investment offers and why she ultimately chose to partner with Steven Bartlett.

We explore how she navigates the competitive healthy food market by prioritising natural energy over sugar-free protein trends, all while balancing life as a mother of two young children. Recently named on the Forbes 30 Under 30 list, Laura offers actionable insights on scaling organically, pitching investors, and building a powerful lifestyle brand.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up Unpacked, hosts Jim Fitzpatrick and Richard Ramsey dissect the startling findings of the V-Dem report, which reveals that global democracy has regressed to 1978 levels, virtually erasing late-20th-century gains. For decades, the western assumption has been that democracy and free markets go hand-in-hand to deliver economic progress. However, with autocratic nations now outnumbering democracies, this traditional model is under severe pressure.

The hosts examine the global shift toward autocracy, highlighting democratic erosion in the US, where Donald Trump has challenged independent institutions like the Federal Reserve and the media. They also analyse the political fightback in Hungary, where Viktor Orbán's long-standing rule has been ended by Péter Magyar's democratic revolution. Finally, the conversation contrasts the perceived economic stability of autocratic China with local political stagnation and a lack of delivery at Stormont in Northern Ireland. If democracy wants to survive, can it prove it still delivers?

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up, we sit down with Derarca Dennis, EY Partner and Head of Sustainability Services for the island of Ireland, to explore the critical intersection of climate risk and business resilience. We dive deep into EY’s immersive "Four Futures" experience, which challenges business leaders to transport themselves to 2055 and rethink their long-term strategies.

Derarca explains why sustainability is no longer just an environmental PR exercise, but a core operational necessity that requires breaking down corporate silos. Discover why CFOs are increasingly driving the sustainability agenda to manage supply chain risks and volatile energy costs. We also discuss the power of cross-sector collaboration, how to reframe controversial "ESG" language to focus on security and long-term value, and why there is genuine reason to be optimistic about building a future-fit economy.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up, host Jim Fitzpatrick sits down with Wall Street entrepreneur and former White House Communications Director, Anthony "The Mooch" Scaramucci. Scaramucci candidly discusses his journey from a working-class Italian-American background to Goldman Sachs and building his own business. He offers deep insights into the roots of modern political anger, explaining how unchecked globalisation, the 2008 bank bailouts, and costly wars paved the way for populist movements like MAGA.

Reflecting on his brief 11-day stint in the Trump administration, Scaramucci admits his involvement was an "ego-based decision" and shares the resilient life lessons he learned following his high-profile firing. He also unpacks competitive tax strategies by comparing Ireland’s successful economic model to New York's, warns against the isolating "paradox" of extreme wealth, and explains why reading is an essential tool for exponential success. And he reflects on his recent visit to Northern Ireland and what lessons can be drawn from the relative success of the peace process for politics elsewhere.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up Unpacked, Jim Fitzpatrick and Richard Ramsey dive into the massive asymmetric global supply shock triggered by the Gulf War and "Operation Epic Fury". With the vital Strait of Hormuz facing blockades from both the US and Iran, 20% of global oil supply—along with LNG, fertilisers, and critical resources like helium—is severely disrupted.

How does this international chokehold impact everyday consumers and businesses? The hosts unpack the stark reality in Northern Ireland, where home heating oil prices have more than doubled and record-breaking petrol and diesel prices are sparking local protests. The episode unpacks the IMF's stark warning against government fuel subsidies, examining alternative interventions like free public transport to reduce demand. Finally, they explore the crushing "Trumpflation" pressures on local businesses battling soaring input costs, shrinking consumer discretionary income, and the strong business lobby against burdensome new employment legislation.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this inspiring episode of Trading Up with host Jim Fitzpatrick, we sit down with Joan Burney Keatings, the visionary leader behind Cinemagic. Originally founded 37 years ago during the in Northern Ireland to bring youth together in a safe environment, this groundbreaking children’s charity now uses the power of film to educate, motivate, and inspire 40,000 young people annually.

Joan shares her incredible journey of expanding Cinemagic globally, taking it from its Belfast roots to establishing a 17-year presence in Los Angeles, and launching powerful film projects in Jordan and Barbados. Discover how sheer hustle—and a daring, out-of-the-box call to the Muppets—helped build a world-renowned creative powerhouse.

Joan also dives deep into the practical business of running a charity like an active movie studio, navigating the complexities of corporate sponsorships, and overseeing the production of award-winning feature films and dozens of short films. Finally, we explore why essential human skills, interpersonal connection, and on-set problem-solving remain absolutely vital for the next generation of creatives in an increasingly AI-driven world.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

How does a business started by a man "a quarter of an inch too short" to be a policeman grow into a £60 million hospitality giant? In this episode of Trading Up, Gavin Annon, Chief Strategy Officer at Mount Charles and son of the inch-short founder, shares his journey from a decade-long career at Tesco to leading a workforce of 3,500 employees. Gavin discusses how the company pivoted from catering to cleaning and retial, by embracing agility and customer-centric values.

He also breaks down his unique strategy framework—"Effort vs. Impact"—and the importance of co-creating plans with frontline staff to ensure 100% commitment. Drawing on his leadership at the Belfast Chamber, Gavin explores the future of Northern Ireland’s economy, the power of "positive pressure" for city development, and why Belfast is a "magical" home for investment. And he also shares some interesting insights on how his moonlighting as a DJ has important lessons for running any business.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up Unpacked, hosts Jim Fitzpatrick and Richard Ramsey explore the severe global and local economic impacts of the escalating Gulf conflict, "Operation Epic Fury". With key energy infrastructure damaged and oil supplies threatened, they discuss the looming threat of stagflation and why the Bank of England's Monetary Policy Committee may be forced to hike UK interest rates. Furthermore, they examine why the UK government's soaring debt levels and borrowing costs make another massive energy bailout highly unlikely.

The conversation then shifts to the Northern Ireland economy. While the local hospitality sector faces immense pressure from rising costs and significant job losses, there are distinct bright spots in manufacturing and tech. They reveal how the global AI boom is driving expansion for Seagate in the Northwest, and how Wrightbus is thriving with new zero-emission transit contracts.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up, host Jim Fitzpatrick sits down with Belinda Brown, a highly accomplished executive who has held top leadership roles at global powerhouses like Sephora, L'Oreal, and Diageo. Belinda shares her inspiring journey, from leaving her father and his home in Jamaica and arriving in Northern Ireland with her Irish mum at the age of three where, amidst the Troubles, she began navigating the complexities of identity, race, and class that shaped her approach and success in the top tiers of the corporate world.

She offers profound insights on redefining resilience—not as mere endurance, but as the ability to learn from failure and amplify your strengths. Listeners will discover the importance of building "cultural capital"; the immense value of reverse mentoring in business; and why aligning your career with your personal values is the ultimate measure of success. Currently embracing a career pause to achieve "midlife clarity", Belinda’s story is an inspiring tale of purposeful leadership, community building, and finding your authentic voice in spaces that were not originally built for you.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up Unpacked, Jim Fitzpatrick and Richard Ramsey analyse the severe economic impacts of the Middle East conflict, exploring how the crisis involving Iran and the Strait of Hormuz is driving up global oil prices, shipping costs, and everyday inflation. The hosts unpack how this geopolitical shock overshadowed UK Chancellor Rachel Reeves' Spring Statement, potentially derailing hopes for falling interest rates.

Shifting closer to home, the episode dives deep into Northern Ireland's ongoing fiscal challenges. With Stormont trapped in a "fiscal doom loop" of single-year budgets and overspending, Jim and Richard examine the "moral hazard" of continuous UK Treasury bailouts. They discuss the role of the newly established Northern Ireland Fiscal Council, the urgent need for multi-year budgets, and potential policy incentives to finally fix the region's inefficient public spending culture.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this inspiring episode, we sit down with 27-year-old entrepreneur and social media sensation Olivia McVeigh. Diagnosed with alopecia at a young age, Olivia transformed personal adversity into a thriving portfolio of purpose-driven businesses. Tune in to discover how she founded Ireland's first wig workshop, built a highly successful bridal makeup enterprise, and became a leading voice in influencer marketing.

Olivia shares actionable insights on how founders can leverage platforms like TikTok to build authentic personal brands, showcase behind-the-scenes content, and connect with niche audiences.

We also dive deep into the meteoric rise of the Girls Group Chat podcast, exploring community building, Patreon monetisation, and the power of unapologetic authenticity in modern media. Whether you want to scale a specialised business or master social media storytelling, this episode is packed with essential entrepreneurial lessons.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up Unpacked, hosts Jim Fitzpatrick and Richard Ramsey analyse the economic shockwaves following the US Supreme Court ruling that declared President Trump’s previous reciprocal tariffs illegal. They unpack the resulting bureaucratic confusion regarding billions in potential refunds and Trump’s immediate counter-move: a temporary 15% tariff under Section 122 of the 1974 Trade Act. The discussion covers the impact on "napkin deals" with the UK and the EU's potential for retaliatory measures.

Closer to home, they examine the Northern Ireland economy, where the Ulster Bank PMI records growth for the first time in eight months. We look at the "KFC-ing" of the retail sector through automation and the pressure AI is placing on stocks and jobs. Finally, they review the housing market, discussing a 7.5% rise in prices, supply shortages, and predictions for Bank of England interest rate cuts.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

Tony McGaharan, the founder of People Playbook, reveals how he built his Belfast-based consultancy into a global business generating over £1 million in revenue. Working with industry giants like Google, FIFA, and L’Oreal, Tony explains his unique "purposeful, practical, and playful" approach to leadership, arguing that "training is for monkeys" while humans require development.

Drawing on his background as a basketball coach, peacebuilder and former Google employee, Tony discusses how to apply sports psychology to the corporate world to build diverse, effective teams. He dives deep into the critical concepts of psychological safety and "discretionary effort"—the secret to getting teams to go the extra mile. Listen in to discover how "soft skills" have become core professional necessities and how local roots can become a global competitive advantage.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society.

QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe.

QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

Join Jim Fitzpatrick and Richard Ramsey on this episode of Trading Up Unpacked as they tackle listener questions regarding the local and global economy. First, they dissect the proposed "Good Jobs Bill" and Westminster’s employment rights reforms. Are zero-hour contracts always exploitative, or do they offer necessary flexibility? The duo examine whether increased worker rights and rising National Insurance costs are actually discouraging employers from hiring.

Next, the focus shifts to Northern Ireland’s crumbling water infrastructure. With housing development stalled and environmental damage visible in Lough Neagh, they debate the political standoff between Stormont and Westminster. Is it time to introduce water charges to fix the crisis before it’s too late? Finally, a look at history through the lens of Lemon’s Sweets reveals the double-edged sword of protectionist tariffs. From 1930s Ireland to Donald Trump’s trade policies, Richard explains why tariffs often end up functioning as a tax on the consumer.

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society.

QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe.

QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise.

Hosted on Acast. See acast.com/privacy for more information.

From his family’s undertaking business in Tobermore to the "Glass House" in Detroit, Lyle Watters’ journey to the top of Ford Motor Company is a masterclass in resilience. In this episode of Trading Up, Lyle reveals how he navigated an unconventional career path to lead operations across three continents.

We dive deep into his toughest assignments: negotiating with Prime Ministers in Romania; managing a 100-day Covid lockdown in China; and turning around a "hopeless" $1 billion loss in South America while under armed guard.

Lyle shares candid insights on the burden of leadership, recounting how he personally addressed staff during painful plant closures to tell them, "This is not your fault".

Packed with actionable lessons on radical transparency, the EV revolution, and why organisations must "stay paranoid" to survive, this is essential listening for aspiring leaders and business strategists.

Disclaimer

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

The rules-based world order is dead. That is the brutal wake-up call from former Bank of England Governor Mark Carney at Davos. In this episode of Trading Up Unpacked, Jim Fitzpatrick and Richard Ramsey break down Carney’s "Churchillian" analysis of the shifting global economy.

They unpack Carney’s argument that international rules have become a "fiction" and explore his strategy of "variable geometry" and how that applies to the UK, Europe and even Northern Ireland.

Key topics include:

• The Lie of the Old Order: Why economic integration has become a weapon rather than a mutual benefit.
• At the Table or On the Menu: The urgent need for middle powers (UK, Canada, Japan) to forge a "Third Path" or submit to hegemons.
• The End of the Peace Dividend: The difficult trade-offs facing Europe between funding welfare and increasing defense spending.
• The Globalisation Trilemma: Applying Dani Rodrik’s theory on why you cannot have globalisation, sovereignty, and democracy all at once but can have only two of the three.

Disclaimer

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Join Jim Fitzpatrick as he interviews Paul and Clare Vallely, the brother-sister duo behind Kukoon. Learn how they scaled a rug business from local market stalls to a £20 million turnover global brand. This episode dives deep into the realities of modern e-commerce, exploring the shift from eBay to building an independent brand amidst the high marketing costs of Google and Amazon. Discover essential insights on successful rebranding, the surprising value of physical retail stores for building trust, implementing advisory boards to navigate business crises, and taking a stand on humanitarian issues.

Disclaimer

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Jim Fitzpatrick and Richard Ramsey explore the shifting dynamics of Northern Ireland’s economy with employment falling and economic inactivity hitting a new grim record high. They examine the political deadlock over Stormont's multi-year budget and the impossibility of proper government in its absence. Turning to car sales for some insight, they discuss why Tesla sales have more than doubled in NI despite a European decline, while Chinese giant BYD has seen fivefold growth. Globally, the discussion turns to "Regime Roulette," analysing the US incursion into Venezuela for its vast oil reserves and Jerome Powell's high-stakes stand for Federal Reserve independence against the Trump administration. The Fed may seem far away, but its independence is a vital pillar of the global economy. The duo provide their usual critical insights into the intersection of global headwinds and local consequences.

Disclaimer

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Join host Jim Fitzpatrick on Trading Up as he welcomes Claire Murray, Head of Development and Marketing at the Lyric Theatre, to deconstruct the "business" of show business. Claire discusses her transition from the high-stakes world of FMCG marketing at Coca-Cola and Heineken to steering the financial and creative success of Northern Ireland’s premier self-producing theatre.

Celebrating the Lyric's 75-year history, this episode explores how corporate strategy can sustain cultural institutions. Claire details her implementation of flexible pricing models that significantly boosted ticket yield and the theatre's vital earned income, which now accounts for two-thirds of its turnover. Beyond the stage, the discussion highlights the arts as an economic engine, using "soft power" to attract inward investment and enrich the civic life of Belfast and Northern Ireland. This is an essential listen for anyone interested in marketing, entrepreneurship, and the symbiotic relationship between culture and commerce.

Just as a master welder in the Lyric's scene shop carefully joins steel to build a set, this episode illustrates how Claire Murray fuses corporate marketing with artistic vision to build a sustainable future for this vital cultural institution.

Disclaimer

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

In this special holiday edition of Trading Up Unpacked, Jim Fitzpatrick and Professor Richard Ramsey dive deep into the pressing economic questions facing Northern Ireland. They tackle the controversial "grant culture" and the "perverse incentives" that have shaped the region since the days of Delorean, arguing for a shift toward competition and tax-based incentives. Jim and Richard explore the "fiscal deficit attention disorder" affecting public services and propose a radical solution: moving the government out of Stormont to reconnect with the people. For business owners, the episode provides essential insights into succession planning, highlighting the Almac trust model and the evolving landscape of Employee Ownership Trusts. Finally, they debate the missed opportunities in the recent licensing review and the need for a more competitive hospitality sector. Whether you are a policymaker or an entrepreneur, this episode offers a masterclass in navigating Northern Ireland’s unique business environment.

Disclaimer

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

How does a local hospitality group thrive while the wider sector faces "lights out" financial pressures?. In this episode of Trading Up, Galgorm Collection CFO Tiarnán O’Neill reveals the strategy driving the group’s £70 million turnover and remarkable 94% occupancy rates. He discusses Galgorm’s rapid expansion through acquisitions like The Rabbit and Roe Valley Resort, alongside their ambitious project to build Northern Ireland's first new links golf course in over a century.

Drawing on his unique career—from PWC to modernising the Diocese of Down and Connor’s 400-year-old financial structure—O’Neill provides a masterclass in scaling luxury hospitality. He addresses critical challenges, including VAT disparities and National Insurance hikes, while outlining an ambitious 10-year vision for growth.

Disclaimer

Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

On this week's episode with Jim Fitzpatrick and Richard Ramsey they explore how one key private sector survey suggests Northern Ireland's economy is struggling, marked by a sixth straight month of declining business activity and escalating input costs, particularly in construction, outpacing other UK regions. Despite some resilience among cross-border firms, the absence for more than a decade of a multi-year budget from Stormont is fostering short-termism and hindering strategic planning. The commitment to UK public sector pay parity exacerbates financial woes, highlighting Northern Ireland's "cake and eat it" approach of demanding high spending with low taxes and a refusal to countenance measures such as water charges.

Brexit frictions - which in Northern Ireland mean things like potential shortages of GB-sourced, non-EU-compliant cars and tumble dryers - are spurring wider UK discussion about rejoining the EU customs union or single market. Meanwhile, the independence of the US Federal Reserve faces political scrutiny, and Ireland's economic model is under pressure due to its low spending on defence, raising concerns about its critical infrastructure vulnerability and reliance on US investment in this new world of disorder.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Trevor Magill is the Northern Ireland Managing Director of the Musgrave Group, one of Ireland's biggest and longest-established family businesses. It's a huge retail, wholesale, and food service business, servicing around 7 million customers weekly and boasting a turnover exceeding €5 billion.

As the company approaches its 150th anniversary, Trevor and Jim delve into how this seventh-generation family business has thrived in the competitive, fast-moving consumer goods (FMCG) sector.

A cornerstone of their success is the unique independent retail partnership model used for brands like SuperValu, Centra, and Mace across Northern Ireland. McIll explains that this partnership allows independent owners to support their local communities and ensures the company avoids becoming "far too corporate".

The discussion covers strategic evolutions, including the development of market-leading private brands like Frank and Honest coffee and the continuous focus on value and convenience for the modern consumer. He also highlights the importance of sourcing 70-75% of their range on the island and details the group's long-term commitment to community initiatives, such as its 25-year relationship with Action Cancer. He shares personal career lessons, emphasising the necessity of strong people, core values, and fulfilling commitments in business.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

This episode of Trading Up Unpacked digs deep into the controversial "Spend Now, Pay Later" Budget, described as the "Klarna" budget, focusing on increased spending and backloaded taxation. Jim Fitzpatrick and Richard Ramsey explore the fiscal strategy of freezing tax thresholds, which functions as a hefty stealth tax, dragging more people into higher payment bands. Economists criticised the measures, noting that the OBR stated none of the proposals would have a material impact on economic growth.

We discuss how complex tax "cliff edges," such as the punishing 62% marginal tax rate faced by some earning over £100,000, serve as a "tax on ambition," disincentivising work and career progression. This environment may fuel a concerning demographic trend: net emigration. Over 109,000 more UK citizens left the country than arrived, three-quarters of whom were under the age of 35.

The conversation turns to the Northern Ireland housing crisis, where residential property prices have surged by 45% since 2020, yet house building levels remain critically low. We examine how the "no water charges" policy, while politically popular, starves infrastructure of funding, contributing to the severe housing shortage and exploding private sector rents. Finally, we analyse Northern Ireland's peculiar and antiquated licensing laws, highlighting anti-competitive behaviour and how it creates strange outcomes such as the bizarre case of a new Lidl supermarket in Dundonald that's opening an on-site pub.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Join Jim Fitzpatrick as he welcomes former professional cricket player and Ireland International, Andrew Patterson. Andrew shares his incredible journey of dedication and commitment in elite sport, tragically interrupted when a stumble revealed a hateful underlying condition: Hereditary Spastic Paraplegia (HSP). Told he would spend the rest of his life in a wheelchair, Andrew refused to accept this fate, choosing hard, grinding progress and resilience instead. He details the financial and personal struggles involved in undergoing a radical, life-altering operation in the United States. Andrew now leverages his experiences—which include learning new pathways to walk again through intense rehab—to inspire business leaders and students. Discover his core philosophy based on three pillars: perspective, response, and purpose and his inspiring way of emphasising how developing soft skills and embracing incremental change are crucial for long-term success, prioritising health, and transforming adversity into opportunity.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

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Welcome to Trading Up Unpacked, the business podcast from the Irish News and EY. Hosts Jim Fitzpatrick and Richard Ramsey dig deep into the pressing issues of the day. They scrutinise the Northern Ireland economy, which recorded its 10th monthly decline in activity, noting that the low 2.4% unemployment rate is offset by the UK's highest levels of economically inactive workers. The conversation pivots to UK fiscal chaos, detailing the U-turning Chancellor and the failure to address welfare reform, leading to market-damaging instability. Jim and Richard analyze the proposed "smorgasbord" of stealth taxes, like freezing income tax thresholds and potential changes to salary sacrifice schemes. Internationally, they discuss Donald Trump’s tariff reversals driven by US inflation. They conclude by examining global trade interconnectedness, highlighted by China’s tomato paste surplus following forced labor allegations, and the growing pressure on Ireland’s defense spending and geopolitical stance.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

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Dive into the massive challenges facing the UK economy with Rupert Soames, Chair of the CBI. Known for running difficult and massive companies like Serco and Aggreko, he describes his "horrible habit of walking towards gunfire" when it comes to choosing which jobs to take. He recounts his bold turnaround strategy: telling employees to “bring out your dead” to fix underlying issues and win back trust. His plucky attitude to such challenges may be reflective of his family background, as a grandson of Winston Churchill. But even this distinguished heritage comes without its own issues to navigate.

With the discussion examining the big economic picture, he's mindful that the UK’s GDP per capita has effectively flatlined since 2010, lagging far behind the US. He addresses the staggering national debt accrued since COVID, noting that interest payments on government debt have dramatically soared. He suggests that the growing maturity of AI could be the key to unlocking improved quality and reduced costs in public services. He also weighs in on tax burdens on businesses and celebrates the resilience of ambitious small and medium-sized enterprises in Northern Ireland. He emphasises that the UK needs "a bit of bloody ambition" to secure the kind of growth that would transform the economy, public services and the general mood.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

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In this episode of Trading Up Unpacked, Jim and Richard dig deep into the economy and global politics. Northern Ireland is enjoying record pay increases, with annual earnings up 8.1%. We analyse whether this rise translates to real-term gains after years of wage stagnation (which averaged -0.1% over a decade) and how this impacts public and private sector workers.

Locally, we examine Stormont's continued paralysis as the proposed $20 billion gold mine in County Tyrone remains stalled, sending a poor message to international investors about barriers to development. Globally, we discuss China's strategic leveraging of rare earth metals in trade negotiations. Finally, a V-Dem Institute report reveals the alarming decline of democracy worldwide—now back to 1985 levels—and we connect this political disillusionment directly to decades of economic stagnation and the rise of autocracy.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Join Sandra Corkin and her son Scott of Oasis Travel, an independent family business that has defied the odds in the travel industry. They share how they survived intense competition, the rise of the internet, and the devastating impact of the COVID-19 pandemic, maintaining a substantial turnover now touching £40 million. Celebrating 40 years of growth, Oasis Travel shifted its focus from low-margin bookings to high-end travel (cruise and luxury packages) where staff expertise adds maximum value. Learn how the new generation is blending personalised, one-to-one service with the right tech, including a new customer app, to ensure the business's bright future.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

In this Unpacked episode Jim Fitzpatrick and Richard Ramsey examine how small business can survive in today's big, bad world. The global order has "changed utterly" to one of disorder, making geopolitics a mainstream boardroom issue for businesses of all sizes. This uncertainty, fuelled by rising protectionism and US policies like the Inflation Reduction Act (IRA), is directly impacting the bottom line: 47% of UK listed companies recently blamed geopolitical shifts for issuing profit warnings. While the EU struggles to define a unified strategy between the US and China, the UK-EU relationship reset remains slow. Critical agreements, such as the SPS deal impacting the Windsor Framework, may not be in place until 2027. Locally, Northern Ireland faces severe skill shortages exacerbated by high economic inactivity, including 117,000 long-term sick. Furthermore, the latest business activity Growth Tracker (PMI) indicates a more contraction.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Stephen McKeown grew up in the Glens of Antrim and developed his engineering skills as an "volunteer" mechanic in his Dad's car workshop. He now heads a Digital Centre of Excellence for Fortune 100 company Allstate and this core part of the business just happens to be located in Belfast. The insurance giant came to Northern Ireland in the aftermath of the Good Friday Agreement with the modest ambition of creating 50 jobs. It now employs around 1700 in its European operations and Belfast has transformed from outpost to core hub. Stephen takes us through his early career: which spans a PhD from Queen's; helping build Ireland’s "bad bank" (NAMA) during the financial crisis; and bootstrapping successful tech startups. He discusses the revolutionary shift to a "product mindset" at Allstate with work focused on problem-solving and customer outcomes, a cultural change that led Allstate to win the prestigious Tony Hsieh Award. What's great is that Stephen still manages to balance global leadership with his volunteer role as a mechanic on the local Cushendall lifeboat. This episode is a masterclass in driving change and seizing opportunity in the evolving tech ecosystem; a lesson in how geography is no barrier to being at the centre of global organisations; and a reminder that a good and healthy workplace culture is vital to success.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

This week it's Trading Up Unpacked with Jim Fitzpatrick and Professor Richard Ramsey digging deep into the nature of north south business and economics in Ireland. From waves of desperate weight-loss drug hunters flooding into Newry; to the growing number of companies in Northern Ireland that are owned in the Republic; to the increasing trade and tourism figures; Jim and Richard explain and explore the underlying forces at work. They also examine revived plans for Northern Ireland to harmonise its business tax rate with the Republic. Wishful thinking or a good idea? Jim and Richard argue it out.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Running a restaurant business is definitely not for the faint of heart. Jim meets celebrated Belfast chef Niall McKenna and Normandy native Marion Lancial who has made Northern Ireland her home, to explore the highs and lows of running a restaurant. From choosing the financial crisis or the eve of the Covid lockdowns to expand; to managing the accumulated costs of each broken glass (that’s the equivalent of throwing a steak in the bin); to the joys of celebrating the best local produce and making people happy. 

Niall and Marion offer a unique insight into the trade and offer up some business tips that will make sense to anyone dealing with the kinetic environment we all face today.

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

Hosted on Acast. See acast.com/privacy for more information.

Jim Fitzpatrick and Richard Ramsey unpack the latest economic stats for Northern Ireland, revealing a complex picture for the hospitality sector which, despite a busy summer, is struggling with profitability due to soaring labour and food costs. They explore the grim outlook for public finances, where major spending pressures would naturally force deep cuts and unpopular revenue-raising measures, but will the tough choices be made? This leads to a wider discussion on why Northern Ireland struggles to deliver major infrastructure projects, contrasting today’s inaction with ambitious nation-building from a century ago. Finally, the duo consider a provocative question: do we need a government of engineers, like China, instead of lawyers in order to get things done?

Brought to you in association with EY.

The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.

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