Go Radio Business Show, Season 10, Episode 12.
In this episode of the Go Radio Business Show, Hunter and Haughey discuss on global trade tariffs, their potential impact on Scotland, and the future of Scotland's economy. The also talk business with Craig Clark MBE, founder of Clyde Space Limited, about his journey in the space industry and the growth of Scotland’s space sector.
[00:00:33]
Glasgow's rise in the global financial index is discussed, highlighting the contributions of companies like JP Morgan and Virgin M...
Go Radio Business Show, Season 10, Episode 12.
In this episode of the Go Radio Business Show, Hunter and Haughey discuss on global trade tariffs, their potential impact on Scotland, and the future of Scotland's economy. The also talk business with Craig Clark MBE, founder of Clyde Space Limited, about his journey in the space industry and the growth of Scotland’s space sector.
[00:00:33]
Glasgow's rise in the global financial index is discussed, highlighting the contributions of companies like JP Morgan and Virgin Money.
[00:02:04]
Discussion on the impact of tariffs imposed by the US President on global trade.
[00:02:22]
Hunter and Haughey reflect on America's economic history and the potential consequences of tariffs on manufacturing.
[00:04:07]
The unique status of Scottish whisky as a major export is highlighted in the context of potential tariffs.
[00:05:35]
An explanation of tariffs and their negative effects on the global economy.
[00:07:17]
The discussion shifts to the impact of outsourcing on American manufacturing and potential political motivations behind tariffs.
[00:08:17]
Sir Tom and Lord Haughey discuss the challenges of negotiating with political figures and the potential impact of policies on major tech companies.
[00:09:53]
Concerns are raised about the pressure on American institutions to invest domestically and the potential consequences for European markets.
[00:10:03]
The struggles of Tesla in Europe and competition from Chinese electric car company BYD are discussed.
[00:12:16]
The Wood Group's accounting issues and potential acquisition are discussed.
[00:14:14]
The European investment event in Edinburgh is highlighted as a positive development for Scotland's tech sector.
[00:14:59]
Discussion about the potential for a major investment conference in Scotland, possibly at Gleneagles, to attract European and international investors.
[00:16:31]
The idea of a "Future of Scotland" event is proposed to address economic and social challenges facing the country.
[00:17:47]
Concerns are raised about companies and individuals leaving Scotland due to a perceived decline in opportunities.
[00:19:39]
Sir Tom discusses the need for big ideas to revitalise Scotland and uses the example of Aldi’s “Taps aff” water as a symbol of Scottish resilience.
[00:21:11]
Stuart Patrick CBE, Chief Executive of the Glasgow Chamber of Commerce, joins the show for his monthly update.
[00:21:47]
Stuart Patrick discusses the Chamber's support for free trade and its historical opposition to trade barriers.
[00:23:42]
The discussion returns to the US President's claims about countries taking advantage of the United States, which the Chamber of Commerce denies.
[00:24:05]
The long-term benefits of international trade and the importance of trade for the UK economy are emphasised.
[00:26:04]
The Chamber of Commerce highlights its initiatives to promote international trade and support businesses.
[00:26:12]
The impact of increased employer's national insurance contributions on businesses is discussed.
[00:26:15]
Glasgow's hospitality sector is promoted through the "Taste the Place" initiative.
[00:27:23]
The Chamber of Commerce's circular economy leadership programme and international learning trips are highlighted.
[00:28:28]
Positive developments regarding Glasgow Airport's new owners and potential investments are discussed.
[00:30:48]
The idea of creating a major annual event to attract tech investors to Scotland is explored.
[00:32:56]
Introduction of the special guest, Craig Clark MBE, founder of Clyde Space Limited.
[00:34:24]
Craig Clark shares his background and how he entered the space industry.
[00:35:58]
The importance of finding the right work environment (big vs. small company) is discussed.
[00:36:16]
Craig Clark talks about his experience at a growing company and the lessons he learned.
[00:36:43]
The decision to start his own business, Clyde Space, is discussed.
[00:37:34]
Craig mentions the books that inspired him to start his business.
[00:38:15]
The initial reluctance and eventual decision to start Clyde Space are recounted.
[00:38:46]
The early days of Clyde Space and the financial investment are described.
[00:39:19]
Craig Clark explains the concept of CubeSats and how they revolutionised the satellite industry.
[00:40:33]
The support received from Scottish Enterprise and the early success in international markets are acknowledged.
[00:41:22]
Craig Clark is credited with starting Glasgow's now thriving space sector.
[00:42:39]
Craig emphasises the importance of teamwork and acknowledges the contributions of his colleagues.
[00:43:40]
The growth of Clyde Space and its acquisition by a Swedish company are detailed.
[00:44:09]
Craig discusses Clyde Space's innovative online sales model and its impact.
[00:44:46]
The impact of Clyde Space on the market, particularly in terms of value and attracting other companies to Scotland, is highlighted.
[00:45:37]
An explanation of how satellites are used for various purposes, including forestry management and ocean monitoring.
[00:46:19]
Sir Tom and Lord Haughey discuss Elon Musk and his impact on the space industry.
[00:47:45]
The issue of orbital debris and the potential dangers it poses are explained.
[00:48:59]
Craig Clark recounts selling to NASA and the significance of those early sales.
[00:50:27]
Craig also discusses the sale of his company and the challenges of being an entrepreneur.
[00:51:47]
Craig talks about his current work with Strathclyde University on major projects and infrastructure development.
[00:53:25]
Craig discusses what is needed for Scotland to take a world position in the space sector.
[00:54:35]
The potential for using space technology to support clean energy initiatives is explored.
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Keywords
Go Radio Business Show, Scotland, Scottish Business, Economy, Global Trade, Tariffs, International Trade, Investment, Economic Development, Space Industry, Space Technology, Entrepreneurship, Innovation, Glasgow, Craig Clark MBE, Clyde Space Limited, UK Business, Business Podcast.
