Time for a new revolution?

Lightening the burden on the state is a great idea, says Merryn Somerset Webb. Putting it into practice is another matter.

There are only 97 days until the Scottish independence referendum. You might not care much, but I think you will still find my interview with Angus Tulloch on the matter worth reading. The points he touches on to make his case go far beyond Scotland's borders.

He mentions rising demands from voters for local accountability and responsibility that's something people are calling for all over Europe. But he also mentions that it is time to step away from our current political systems before we are crushed beneath the weight of our bloated welfare states. That's something he reckons will be a lot easier to do in a small state than in a larger one.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.