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Why does Canada produce economic leaders like Mark Carney… and we put a former HBOS customer relations manager in charge of the UK economy? It’s a genuine question, and one worth asking as the Budget approaches. Our Chancellor, Rachel Reeves, is responsible for steering a £3 trillion economy through some of the toughest financial conditions in decades. Yet when you examine her career before entering politics, it raises legitimate questions about how we select the people running one of the most complex departments in government. Reeves did a graduate scheme at the Bank of England and later held a role at HBOS, which, after recent corrections, was found to have been in customer relations and complaints management, rather than economics. Her CV has been “clarified” more than once in recent months. Meanwhile… Canada has Mark Carney. Canada benefits from the leadership of someone like Mark Carney, former Governor of the Bank of Canada and Governor of the Bank of England. A heavyweight economist with decades of real-world financial, regulatory, and crisis-management experience at the very highest level. Canada gets a world-class economic operator. We get… someone with a background in customer service. It’s not personal. The question: Why does the UK routinely place people with limited sector expertise at the helm of massive government departments? It’s not just the Treasury. Across Westminster, ministers are routinely given roles in areas they’ve never worked in, and then moved every 18 months, just as they’re beginning to understand what they’re responsible for. No business would ever operate like this, and no serious company would appoint leaders with so little relevant experience. And yet we run a country this way. What we need: ✅ Competence over connections ✅ Expertise over political convenience ✅ Long-term planning insulated from election cycles ✅ People with real-world economic experience in economic roles Canada gets this right. We could do the same if we chose to. 👉 Follow Graeme Donnelly for straight-talking insights on leadership, economic thinking, and building businesses that actually work. ♻️ Repost this to share with someone brave (or crazy) enough to start something? #Founders #BusinessLeadership #UKEconomy #ThoughtLeadership #Entrepreneurship #1stFormations

10 advanced techniques for failing in business. (The quiet, elite-level ones.) 1️⃣ Surround yourself with people who need your approval. They’ll never tell you your strategy is terrible, which is perfect, because you didn’t want to hear it anyway. 2️⃣ Mistake ‘being busy’ for ‘being wanted’. Confuse demand for your product and demand for your time. They are not the same, but it feels nicer if you pretend they are. 3️⃣ Prioritise harmony over reality. Avoid conflict at all costs so that problems can multiply politely, quietly, and without interruption. 4️⃣ Reward loyalty over competence. Choose people who make you feel safe, not people who make you better. 5️⃣ Delegate decisions… but keep all the authority. That way, your team is responsible for outcomes but never allowed to influence them. An excellent recipe for stagnation. 6️⃣ Confuse emotional comfort with good judgement. If an idea makes you anxious, call it ‘not aligned’. If it reassures you, call it ‘vision’. 7️⃣ Use data as decoration. Build dashboards, charts, and reports, just don’t let any of it actually change your mind. 8️⃣ Collect smart people, then ignore them. Build a team you can be proud of, then make every important decision alone anyway. 9️⃣ Optimise for looking smart. Speak vaguely. Use jargon. Say things that sound insightful but don’t commit you to anything measurable. 🔟 Stay loyal to decisions long after you’ve outgrown them. Bad ideas don’t kill companies. Emotional attachment to them does. Most businesses don’t collapse suddenly. They fail because they quietly, consistently choose the option that feels good over the one that works. And that’s an advanced technique. 👉 Follow Graeme Donnelly for leadership insights, strategic clarity, and the occasional reminder that most failures are self-inflicted. ♻️ Repost this to share with someone brave (or crazy) enough to start something. #ThoughtLeadership #Startups #BusinessAdvice #Entrepreneurship #Founders #BusinessTips #1stFormations