Entrepreneurs and investors pay less tax on their profits to reflect the risk they take. That’s the principle that lies behind capital gains tax being lower than the rates charged on employment income. But the influential think-tank, the Institute for Public Policy Research, wants to rip up that system and charge the same rate on gains from selling shares or property as income tax – and hack back the annual capital gains tax allowance to just £1,000. Is this the kind of For the many not the few move that Britain needs to level the playing field between those with plenty of capital and the ability to make investments and those who don’t? Or is it just another planned tax raid on those putting their money to productive use and growing our collective wealth? On this week’s podcast, Simon Lambert and Georgie Frost dig into the IPPR’s proposals and look at whether this is the kind of thing that could become Labour party policy? They also look at long-term investments that have paid off, risky investments to be wary of and the one thing plenty of people are happy to sink thousands of pounds into knowing that they will lose a big chunk of their money – a brand new car.
This is Money with Georgie Frost, editor Simon Lambert and Product and Knowledge editor Sarah Davidson. Autumn is here and with it an ill wind through the savings market. Why are things looking so bleak and are there any warm spots to be found out there? There’s a hurricane happening in politics, the team offer some tips on how to weather the Brexit storm…find out if we should really be stock piling food and take a look at how Labours Right to Buy plans would work for renters and buy-to-letters. Plus just how much better for the environment are electric vehicles? And don’t forget you can stay up to date with all the latest, breaking money news, just go to thisismoney.co.uk or download the app.
Welcome to the This is Money with Georgie Frost, Editor Simon Lambert and assistant editor Lee Boyce
Coming up on this week’s show…the pound.
Bruised and battered by Brexit, it took another blow last week with some gloomy news about the UK economy.
But with a no-deal potentially in the offing, how much more of a pounding will sterling take?
The team look at what lies behind the decline, indeed why it’s fallen so much when jobs, wages and inflation aren’t doing badly, and what this means for interest rates and for the pound in your pocket.
And don’t forget you can stay up to date with all the latest, breaking money news, just go to thisismoney.co.uk or download the app.
This is Money with Georgie Frost, editor Simon Lambert and assistant editor Lee Boyce. On this week's episode: From May and Hammond, to Johnson and Javid. Top Gear for your finances, or a slip into reverse? Simon and Lee run through what Boris Johnson’s government will mean for your money and your future. Will the new PM really manage to succeed where those before him have failed, and tackle the social care crisis once and for all? Also: why you may want to think twice before logging into that public wifi; how you can fight the financial Fosh; why going classic may be a better investment when it comes to convertibles; and the team celebrate the mundane … motors, that is!
This is Money with Georgie Frost and Editor Simon Lambert. On this week's episode the team discusses about Brexit. Depends who you talk to but the OBR and Chancellor Philip Hammond have this week been painting another, rather bleak picture. But how likely is a no deal? What would it really mean for your money? Also, advice on investments is making a return to the High Street — backed by one of Britain's biggest banks. Will others follow suit? Plus, the pair get all romantic....talking faking your divorce to avoid tax and if you ditch the man, can you keep the engagement ring?
It's official: IHT is the country's most hated tax. That's according to the Office of Tax Simplification, who have been looking into the quirks of the system at the request of the Chancellor. What needs to change – and could a Labour plan, bubbling away in the background, really be the answer? Editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost take a look. Whatever happens with IHT, most want to leave as much of their wealth as possible to loved ones when they pass away – so just how do you do it and how many bend the rules? Elsewhere, we update on what's going on at Deutsche Bank as thousands of jobs across the globe are axed. Eon goes green and says millions of its customers will now receive 100 per cent renewable electricity – but what does that mean? And on the topic of green, we have details of the first all-electric Mini – how much will it cost, what is its range and most importantly... is it any good?
This is Money - in partnership with NS&I, with Georgie Frost, Editor Simon Lambert and News Editor Alex Sebastian. And on this week's episode: Woodford one month on. What went wrong for the UK's most high profile fund manager, what’s been the fallout, what could be the reputational damage to the whole fund industry and why we should all care?But it's ill wind and all that...so will and are lessons being learnt?
Two-thirds of savers are being told to abandon final salary pensions - and this is despite the Financial Conduct Authority saying that advisers should start with the standpoint this is not a suitable option. That revelation arrived this week as the FCA said too much advice on valuable pensions is 'still not of an acceptable standard.' Are people getting the right advice about their gold-plated pensions, or are they right to jump ship? That's the question tackled by editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost this week. Meanwhile, a reader discovers an old Post Office Savings Bank book from the 1960s – but what is it worth now and can you even take the money out. Premium bonds – how do you really find out you've won the jackpot? Britain has a net zero emissions target for 2050, but what are the best electric cars to buy now? And forget fantasy football, we reveal the details of our fantasy share picking game where the winner will scoop a giant £20,000 grand prize.
Much is made of the difficulties faced by first-time buyers to get onto the property ladder, but less talked about is the problem facing second steppers and those looking to downsize. As growing families struggle to afford to move up the property ladder could intergenerational house-swaps be the answer? That's the question editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost tackle this week. What are the potential stamp duty and inheritance tax traps to look out for, and is it a good idea? Meanwhile, we talk about the plans to protect physical cash, as usage continues to dwindle – that, despite a launch of a new set of Peter Pan 50p capturing the public imagination.
It's been a rocky week to say the least for Britain's most recognisable fund manager Neil Woodford – he suspended trading in his flagship fund, leaving savers unable to access their cash. And we still don't know the future of Sir Philip Green and his Arcadia empire, after a crucial rescue vote was suspended. This is Money assistant editor Lee Boyce, retail reporter Emily Hardy and host Georgie Frost discuss how it has gone wrong for the pair. What has led Woodford to this point, could there be a Financial Conduct Authority investigation, are savers trapped in the fund safe – and can he recover? Arcadia – with brands like Burton and Topshop – could be set to close 50 stores with the loss of 1,000 staff. What is a CVA and why hasn't Sir Philip managed to get a deal approved this week? Elsewhere, we run the rule over a 'bonkers' plan for first-time buyers to raid pension pots for deposits and Lee urges savers to engage with their retirement savings. And we finally manage to get the Pensions Minister to give us a precise figure on how many people may have received incorrect state pension forecasts.