Trading Up

In this episode of Trading Up, host Jim Fitzpatrick sits down with Gareth Kelly, the partner leading Data and AI for EY in Northern Ireland, to demystify artificial intelligence for modern enterprises. Rather than simply using AI for small productivity bumps, Kelly explains how companies must completely redraw their business processes to stay competitive.The conversation explores how AI can be leveraged to achieve three core objectives: making money, saving money, and managing risk.They explore the critical differences between generative AI and "agentic" AI, alongside practical use cases showing how AI is currently transforming traditional finance departments; empowering enterprise sales teams with AI co-pilots; and cutting costs in procurement.Beyond the technical adoption, Gareth details the necessary ethical guardrails for data security and explains why human creativity and business acumen are more vital than ever. Whether you lead a lean startup or a large PLC, this episode provides a strategic roadmap for navigating the AI revolution.Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Trading Up Unpacked, hosts Jim Fitzpatrick and Richard Ramsey analyse the economic shockwaves following the US Supreme Court ruling that declared President Trump’s previous reciprocal tariffs illegal. They unpack the resulting bureaucratic confusion regarding billions in potential refunds and Trump’s immediate counter-move: a temporary 15% tariff under Section 122 of the 1974 Trade Act. The discussion covers the impact on "napkin deals" with the UK and the EU's potential for retaliatory measures.Closer to home, they examine the Northern Ireland economy, where the Ulster Bank PMI records growth for the first time in eight months. We look at the "KFC-ing" of the retail sector through automation and the pressure AI is placing on stocks and jobs. Finally, they review the housing market, discussing a 7.5% rise in prices, supply shortages, and predictions for Bank of England interest rate cuts.Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise. Hosted on Acast. See acast.com/privacy for more information.

Join Jim Fitzpatrick and Richard Ramsey on this episode of Trading Up Unpacked as they tackle listener questions regarding the local and global economy. First, they dissect the proposed "Good Jobs Bill" and Westminster’s employment rights reforms. Are zero-hour contracts always exploitative, or do they offer necessary flexibility? The duo examine whether increased worker rights and rising National Insurance costs are actually discouraging employers from hiring.Next, the focus shifts to Northern Ireland’s crumbling water infrastructure. With housing development stalled and environmental damage visible in Lough Neagh, they debate the political standoff between Stormont and Westminster. Is it time to introduce water charges to fix the crisis before it’s too late? Finally, a look at history through the lens of Lemon’s Sweets reveals the double-edged sword of protectionist tariffs. From 1930s Ireland to Donald Trump’s trade policies, Richard explains why tariffs often end up functioning as a tax on the consumer.Brought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice.Supported by - Queen’s Business School at Queen’s University Belfast offers world-class undergraduate, postgraduate, and executive education. The mission of Queen’s Business School is to educate and explore for the benefit of business and society. QBS is triple-accredited, an accolade which puts it in the top 1% of business schools in the world. As a member of the Global Business School Network, the School is connected through strategic partnerships across the globe. QBS engages with the business community to develop principled and effective leaders, provide student and graduate talent, and harness innovation through academic expertise. Hosted on Acast. See acast.com/privacy for more information.

The rules-based world order is dead. That is the brutal wake-up call from former Bank of England Governor Mark Carney at Davos. In this episode of Trading Up Unpacked, Jim Fitzpatrick and Richard Ramsey break down Carney’s "Churchillian" analysis of the shifting global economy.They unpack Carney’s argument that international rules have become a "fiction" and explore his strategy of "variable geometry" and how that applies to the UK, Europe and even Northern Ireland.Key topics include:The Lie of the Old Order: Why economic integration has become a weapon rather than a mutual benefit.At the Table or On the Menu: The urgent need for middle powers (UK, Canada, Japan) to forge a "Third Path" or submit to hegemons.The End of the Peace Dividend: The difficult trade-offs facing Europe between funding welfare and increasing defense spending.The Globalisation Trilemma: Applying Dani Rodrik’s theory on why you cannot have globalisation, sovereignty, and democracy all at once but can have only two of the three.DisclaimerBrought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice. Hosted on Acast. See acast.com/privacy for more information.

Jim Fitzpatrick and Richard Ramsey explore the shifting dynamics of Northern Ireland’s economy with employment falling and economic inactivity hitting a new grim record high. They examine the political deadlock over Stormont's multi-year budget and the impossibility of proper government in its absence. Turning to car sales for some insight, they discuss why Tesla sales have more than doubled in NI despite a European decline, while Chinese giant BYD has seen fivefold growth. Globally, the discussion turns to "Regime Roulette," analysing the US incursion into Venezuela for its vast oil reserves and Jerome Powell's high-stakes stand for Federal Reserve independence against the Trump administration. The Fed may seem far away, but its independence is a vital pillar of the global economy. The duo provide their usual critical insights into the intersection of global headwinds and local consequences.DisclaimerBrought to you in association with EY. The views and opinions expressed by guests on this podcast are their own and do not reflect the views or positions of EY or its other member Firms. EY proudly sponsors the Trading Up podcast but does not endorse or take responsibility for any statements made by individual guests. The Trading Up podcast is for informational and entertainment purposes only and does not constitute professional advice. Hosted on Acast. See acast.com/privacy for more information.