The Chancellor asked for ideas for inheritance tax to be simplified this week, but should we even have a death tax at all? On this week’s podcast Simon Lambert, Lee Boyce and Georgie Frost look at how it works, why it is unpopular, and how you can avoid it.
Simon suggests his plan to simplify it and get more people paying by removing those fiddly reliefs and slashing the rate to 20%. But we also consider the argument for taxing inheritance (and unearned property wealth) more heavily.
Later on the podcast, we discuss the problem of interest-only timebomb mortgages and whether homeowners are burying their heads in the sand. Also on the agenda is what’s wrong with M&S and investing in emerging markets and why they could still be a good long-term bet, even after funds rose almost 30% last year.
The resale of tickets has been around for as long as humans have charged entry to events. Evidence of ticket ‘touting’ goes all the way back to Ancient Rome. In the 21st century though, it’s becoming an increasingly controversial practice. Companies like Viagogo, Seatwave and Stubhub now offer tickets to otherwise hard-to-reach events – but, often, at a hefty price.
IEA News Editor Kate Andrews interviews Dr Steve Davies, the IEA’s Head of Education and author of new report Digital Resellers: The case for Secondary Ticket Markets. Steve believes that ticket resale is simply one aspect of the ‘Sharing Economy’ which enables voluntary transactions to take place between willing buyers and sellers. Those who aim to resell tickets for a profit, Steve argues, are themselves taking on considerable risk. Kate and Steve examine the economics, and the morality, of ticket resale, and take a look at the way artists like Ed Sheeran, Taylor Swift and Madonna use market mechanisms to sell their products.
The New Economics Foundation -the independent think tank and charity campaigning for a fairer, sustainable economy- brought you a new podcast from the its archive. This week
Polly Trenow from the Women Budget Group joins Kirsty Styles to discuss ways of measuring unpaid work.
Adam Cox discusses whether we’re mentally ready for open banking with organiser of Fintech Fortnight, Tony Rice. Open banking is the biggest shift in banking in centuries, but are we ready to handle the emotions that could go with it – like distrust, and even greed? How do we need to think about open banking to make it work for us, and what are the financial consequences of ignorance or even rejection?
Professor Tim Evans of Middlesex University discusses how the US and the West are losing out to Russia - and now China - in an Arctic Cold War; how China is developing a $2 billion research park into AI at high speed; and how Romania is reverting to Soviet-era-style justice, while the EU appears to be turning a blind eye.
James Cameron-Wilson discusses an extraordinary weekend at the UK box office, where the top 9 films all took over £1m. He reviews Maze Runner: The Death Cure, Early Man, Downsizing and Last Flag Flying and discusses the London Film Critics' Circle awards and the latest developments from the British Board of Film Classification.
Ed Bowsher gets the lowdown on the latest developments in the ETF world. These include using artificial intelligence to pick stocks, as well as ETFs that invest in themes such as marijuana and electronic gaming.