Share Sounds. presented by Gavin Oldham

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Gavin Oldham

Thought for the Week: Action required for Default CTF Pay-out

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Action required for Default CTF Pay-out
The core of the problem with unclaimed, adult-owned Child Trust Funds (of which there are over £2 billion waiting to be claimed) is with accounts opened by HMRC. That's why The Share Foundation has proposed a 'default withdrawal at 21' process, based on the young person's National Insurance number. Danny Kruger MP took part in the CTF conference in Westminster on Tuesday 5th March, and two weeks later in a Westminster Hall CTF debate, and supported this initiative which could release £1/4 billion each year to help these young and predominantly low-income young adults. Background music: 'Waiting' by Andrew Langdon

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Gavin Oldham

Thought for the Week: Putting Dormant Assets to Work

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Putting Dormant Assets to Work
Just in the United Kingdom alone, it has been estimated that there is £200 billion lying unclaimed as dormant assets. Better analysis is needed, more use should be made of search facilities by families — but the money needs to be put to work, prioritising inter-generational rebalancing. The Dormant Assets Act 2022 is a major step forward by Government, and the Reclaim Fund will enable its provisions to be put into practice. This will become an increasingly important contribution to empowering disadvantaged young people as the birth rate falls. Background music: 'Sea of Ancestry' by Jesse Gallagher.

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Gavin Oldham

Thought for the Week: Private Equity undermining the UK’s role in global finance

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Private Equity undermining the UK’s role in global finance
The Bank of England has sounded its strongest warnings yet of the danger to financial stability from Private Equity, and the London Evening Standard simultaneously reported the serious attrition of London Stock Exchange trading activity. We explain the close connection between these, and call for a more global perspective. It's important that both Finance and Government rise to this challenge, so that the United Kingdom can continue to provide a leading role in the development of the global manifesto for which we called on 2nd January. Background music: 'Dark Alley Deals' by Aaron Kenny

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Gavin Oldham

The Financial Outlook: Westminster Hall debate on family access to CTFs of disabled young people

Gavin Oldham
Original Broadcast:

The Financial Outlook for Personal Investors

The Financial Outlook: Westminster Hall debate on family access to CTFs of disabled young people
The debate on 19th March 2024 was hosted by Sir Jeremy Quin MP to call for the need to simplify family access to Child Trust Funds for disabled young people, and a number of MPs contributed to the debate, including Danny Kruger and Ed Davy. The audio record is provided by Parliament Live, and is an unabridged recording of proceedings, without additional comment. Listeners may notice an adjournment for voting in the House of Commons.

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Gavin Oldham

Thought for the Week: Mexican Stand-off over Health

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Mexican Stand-off over Health
Rachel Reeves points to a sea change in economic policy, 'As we did at the end of the 1970s, we stand at an inflection point': but there's no indication, apart from a tiny hint of criticism for an 'inflexible welfare state', of moving away from the socialist dogma which is ruining health services in the United Kingdom. Meanwhile the Conservatives' fear of losing electoral support among the elderly leaves them incapable of introducing mandatory health insurance for wealthy old folk which the NHS can draw down as it's used. It's a confrontation where no strategy exists that allows any party to achieve victory — the only way through is to look for a consensus. Background music: 'People Watching' by Sir Cubworth

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Gavin Oldham

Thought for the Week: Memory and Copyright

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Memory and Copyright
The science of memory and how it shapes us is the central question in Dr. Charan Ranganath's new book. It's an absolute truism that memory is deeply personal and individual to each one of us, but does it really vest in the neurons in our brain, or in our soul? In contrast, human creativity is not the possession of intermediating corporations but a collage gathered from right across the great human family. Antiquated copyright legislation is really showing strains as generative AI emulates the thinking process: it's time to overhaul copyright law, and for everyone to share the benefits. Background music: 'In Memory of Jean Talon' by Mini Vandals

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Gavin Oldham

Thought for the Week: Shifting the Burden Stealthily

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Shifting the Burden Stealthily
Jeremy Hunt's focus on young working people, by making a further significant reduction in employees' NI, is welcome; but his overall strategy is cloaked in disguise. As Michael Gove made clear in February, young people need direct economic encouragement: for example, the omission of any mention of unclaimed adult-owned CTFs indicates more of a studied indifference from HM Treasury. Background music: 'Hidden Agenda' by Kevin MacLeod - http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1200102

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Gavin Oldham

The Financial Outlook: UK Budget as delivered on 6 March 2024

Gavin Oldham
Original Broadcast:

The Financial Outlook for Personal Investors

The Financial Outlook: UK Budget as delivered on 6 March 2024
The full unabridged UK Budget speech as delivered by Chancellor Jeremy Hunt in the House of Commons on Wednesday 6th March 2024, without additional comment.

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Gavin Oldham

Thought for the Week: Counteracting Fear and Greed

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Counteracting Fear and Greed
Rishi Sunak's call for tolerance in Downing Street on Friday 1st March was couched in terms of hard work and endeavour, which are generally associated with self-interest; but what's really needed is convergence based on generosity of spirit, starting with tolerance and journeying through respect for others, no matter how different they are, towards unconditional love. Background music: 'Resolution' by Wayne Jones

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Gavin Oldham

Thought for the Week: New Approach needed for Bequests

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: New Approach needed for Bequests
The birth rate is falling swiftly, leaving wealthy old folk with their ever greater reserves looking for a home. Meanwhile Professor Eric French and his colleagues ask, 'Why Do Retired Households Draw Down Their Wealth So Slowly?', showing how in the United States 80% of bequests are left to an ever-decreasing number of descendants, and just 2% to charity. It's time for a re-think whose purpose is inter-generational rebalancing. Background music: 'Young And Old Know Love' by Puddle of Infinity

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