Merryn Somerset Webb

And hey, presto, you get business-led growth, which, of course, is the only source of growth you can have that's sustainable over the years.

So these are the reasons, if you peer in the balance sheet fundamentals, we have the businesses to enable the growth.

We have the money to enable the businesses to grow.

This is a plumbing problem that's eminently tractable, Merrin.

And if we did that, we could be smashing the lights out, not just at a startup at Scala, but at GDP per head and all the rest.

So this is my frustration, but also my excitement about what's possible.

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I'm Michael Easter, and on my podcast, 2%, I break down the science of mental toughness, fitness, and building resilience in our strange modern world.

Andy, let me ask you about one of your other areas of expertise, interest rates.

Now, there was an expectation before the war in Iran that rates would gradually be falling and that that would be good for all sorts of reasons, but that no longer looks like it's very likely.

Where do you see rates going from here?

And honestly, I'm asking on behalf of the property market here.

Yeah, oh, very good.

Well, look, like everyone else, my historic reputation at the start of this year