Marker 01

How can Keir Starmer - or whoever leads the country next - help to turn the UK’s fortunes around? Simon French, Managing Director, Chief Economist and Head of Research at Panmure Liberum joins co-host John Stepek to discuss former UK Prime Minister Tony Blair’s 5000-word prescription for the UK economy, the growing backlash towards Net-Zero policies and why the UK is at risk of sliding towards another “Liz Truss Moment”.

How can Keir Starmer - or whoever leads the country next - help to turn the UK&rsquo;s fortunes around? Simon French, Managing Director, Chief Economist and Head of Research at Panmure Liberum joins co-host John Stepek to discuss former UK Prime Minister Tony Blair&rsquo;s 5000-word prescription for the UK economy, the growing backlash towards Net-Zero policies and why the UK is at risk of sliding towards another &ldquo;Liz Truss Moment&rdquo;.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.

Merryn Talks Money

Blair Versus Starmer - Can the Government Get Out of Britain's Way?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4c366180-42be-4e16-9a81-b4580145c2b6/transcript

In this episode of Merryn Talks Money, Merryn Somerset Webb and Steve Hou, head of research at Silicon Data, delve into an emerging issue in the economics of artificial intelligence: token prices are falling while the cost of compute needed to produce them is rising. They discuss what this mismatch could mean for the valuations of companies like OpenAI and Anthropic, whether demand can justify the enormous sums being invested in AI infrastructure and what happens when everyone has armies of AI agents working on our behalf.

In this episode of Merryn Talks Money, Merryn Somerset Webb and Steve Hou, head of research at Silicon Data, delve into an emerging issue in the economics of artificial intelligence: token prices are falling while the cost of compute needed to produce them is rising. They discuss what this mismatch could mean for the valuations of companies like OpenAI and Anthropic, whether demand can justify the enormous sums being invested in AI infrastructure and what happens when everyone has armies of AI agents working on our behalf.

Can the AI Boom Survive a Margin Squeeze?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4accc5be-6373-4ae6-bd4a-b4ee010dc695/transcript

Are we heading for another eurozone panic? This week, John Stepek and Bloomberg’s Sam Unsted discuss why political uncertainty in France is pushing up the country's borrowing costs, why the UK
has (perhaps surprisingly) managed to avoid similar pressure, and where the first signs of strain are emerging in the AI boom. They also explore what slowing AI investment could mean for the
investors, governments and industries banking on its growth.

Are we heading for another eurozone panic? This week, John Stepek and Bloomberg&rsquo;s Sam Unsted discuss why political uncertainty in France is pushing up the country's borrowing costs, why the UK has (perhaps surprisingly) managed to avoid similar pressure, and where the first signs of strain are emerging in the AI boom. They also explore what slowing AI investment could mean for the investors, governments and industries banking on its growth.

French Bond Markets and AI Neoclouds Feel The Pressure

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/49a90f87-14b8-487e-aa37-b4eb011565d7/transcript

Passive investing was designed to track the market, not shape it. But as Merryn Somerset Webb and John Stepek explore in the second episode of The Portfolio Reset, the enormous growth of passive investing has changed the market it was built to follow, just as some of the world’s most valuable companies are staying private for longer.

Using SpaceX as an example, they examine the changing relationship between public and private markets and why no investment is truly passive — someone is always making a decision somewhere in the process. As passive flows grow powerful enough to move markets, Merryn and John explain why investors should make sure they’re making active decisions in pursuit of their own financial goals, rather than leaving those decisions in the hands of strangers. 

Passive investing was designed to track the market, not shape it. But as Merryn Somerset Webb and John Stepek explore in the second episode of <a href="bbg://news/stories/TMVPTHRKV2U0" data-web-url="https://www.bloomberg.com/news/articles/2026-10-14/us-stocks-won-the-last-decade-what-about-the-next-one" data-cke-saved-href="bbg://news/stories/TMVPTHRKV2U0">The Portfolio Reset</a>, the enormous growth of passive investing has changed the market it was built to follow,&nbsp;just as some of the world&rsquo;s most valuable companies are staying private for longer.
Using SpaceX as an example, they examine the changing relationship between public and private markets and why no investment is truly passive &mdash; someone is always making a decision somewhere in the process. As passive flows grow powerful enough to move markets, Merryn and John explain why investors should make sure they&rsquo;re making active decisions in pursuit of their own financial goals, rather than leaving those decisions in the hands of strangers.&nbsp;

The Portfolio Reset: Episode 2 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d74b1169-fd55-4d58-badd-b4e90158e681/transcript

Blair Versus Starmer - Can the Government Get Out of Britain's Way?

In 1 playlist(s)

Merryn Talks Money

Social links

Follow podcast

Recent clips