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.
This week, This is Money takes a look at a raft of inter-generation financial divide stories that have popped up in August. This includes why those born in the 1980s have less disposable income than those born in the 1970s according to the Office for National Statistics and why the Bank of Mum and Dad is creaking. Assistant editor Lee Boyce, reporter George Nixon and host Georgie Frost run the rule over these statistics, along with proposals to raise the state pension age to 75. This was from a right-wing think tank The Centre for Social Justice and has left many industry experts irate. We also discuss data showing that two thirds of older people say they feel hurt by the inter-generational financial criticism that they are lording it up at the expense of younger generations. We also talk metal bank cards – why on earth would you want one and who is offering them?
It's fair to say environmental issues have moved to the forefront of the agenda in recent times. This week, editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost take a look at potential changes you can make to help the pound in your pocket turn a little greener. Simon explains his rallying cry for us to be his acronym 'Layby' rather than being labelled 'Nimbys'. Layby – or look after your back yard – is a movement to look after the country we live in. When it comes to investing, there is a growing movement where savers who want to combat climate change invest a small amount of money in the very companies eco-activists traditionally rally against, such as fossil fuel giants Shell and BP – so why? What can you do to be a more eco-friendly tourist? And finally… it's hard enough trying to predict how rapidly a normal car will depreciate, but estimating the loss of value of an electric vehicle is a whole other ball game. We reveal all.
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 in partnership with Switchd – saving you time and money by automatically switching your energy provider whenever a better deal comes along.
Georgie Frost is joined by Editor Simon Lambert and assistant editor Lee Boyce
On this week's episode:
Think you’re too savvy to fall victim to a pension scam? Think again.
The regulator reckons millions are at risk of falling prey to even the most basic cons. So, This is Money have employed the services of a psychologist to get into the mind of a fraudsters.
Also today...the team look at when fraud alerts go very wrong; teach you how to complain properly, how to beat the car rental rip off and how to keep on the right side of the French driving law!
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 in partnership with Switchd, helping you save time and money by getting you the best deals automatically with Georgie Frost, Editor Simon Lambert and assistant editor Lee Boyce. In this episode: Freelancers beware - the tax changes that could hit your income. And as the PPI deadline fast approaches, banks breathe a collective sigh of relief. But is it too late to claim? Plus, things go from bad to worse for Neil Woodford, and John Lewis shows up the FCA in how to do scam prevention the right way.
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?