Episode Description
Britain used to be 10% of the world's stock market. Now it's under 3% and it's cost the country an estimated £20 trillion in lost wealth over 30 years.
In this episode, Johnny sits down with Andrew Craig, founder of Plain English Finance, author and a nearly 30-year veteran stockbroker. Together they unpack how bad policy, the rise of passive investing and a financially illiterate political class quietly gutted UK capital markets. They cover the "death" of the London IPO, why pension funds abandoned British companies, the "inelastic markets hypothesis" and why Britain's world-class science and IP rarely turns into British wealth.
This is part one of a two-part conversation. Part two is coming soon, subscribe so you don't miss it!
🔗 Get in touch with Johnny: https://www.linkedin.com/in/johnny-isaacs/
🔗 Learn more from Andrew Craig: Plain English Finance (YouTube & plainenglishfinance.com)
🔗 Find us at: explosivebrands.com
Chapters:
00:00 Intro
00:54 Andrew's background & books
02:04 What a Stockbroker Actually Does
03:42 Founding Plain English Finance
06:11 The UK Stock Market's Collapse in Numbers
11:08 How UK Pensions Abandoned British Shares
13:22 Britain's Biotech IP: DNA, Stem Cells & DeepMind
17:23 Active vs Passive Investing Explained
21:13 Why Britain Became a "debt" Economy
23:28 The rise of ETFs and Passive Funds
33:54 Why Big Tech has Stopped Truly Innovating
46:14 Wealth Inequality: Cash vs Equity
1:06:21 The ESG Fallacy & Real Climate Solutions
1:16:27 A Practical Fix: a UK "Baby Bond" Proposal
1:39:03 The Laffer curve: Ireland vs the UK
1:47:26 The Cantillon Effect & Who Really Loses
1:51:29 Get in Touch with Andrew Craig
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