Why businesses need to be in the government's good books

Any business that draws criticism from consumers or governments needs to watch out, says Merryn Somerset Webb.

This week, I'd like to start with a thank you to Ed Miliband. It isn't often that I write a column here and find it almost immediately validated by a leader of the opposition. But that's what happened this time.

Last week, I noted that I wouldn't invest in shares in a tobacco company. That's not because tobacco companies are evil (although you can, of course, argue that they are), but because taxation and regulation will eventually make their business models unsustainable.

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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.