Original Broadcast: Thought for the Week
With the summer holidays drawing to a close in the next few days, the new team at HM Treasury will be busy looking at fresh ideas for the Budget on 28th October. The challenging economic situation calls for a fresh look at some of the underlying strategies which have driven debt so high over the past half-century. The really big problem is the extent to which 'universal, free-at-the-point-use' health care has caused deep generational unfairness; that, combined with the triple lock and unfunded state pensions, place real burdens on young generations. It's time for a major change in the underlying logic. Background music: 'People Watching' by Sir Cubworth
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Original Broadcast: Thought for the Week
In response to Andy Burnham's invitation to join his cross-party working group on overhauling social care arrangements throughout the United Kingdom, Sir Ed Davey called for diversity while Kemi Badenoch said it mustn't increase public spending. However there are other deep questions to answer as well: such as how to prepare people better for old age; will they be prepared to seize the opportunity to end universality and focus on targeted support, including for health care; and whether they can bring in a new focus on inter-generational rebalancing? Background Music: 'Young And Old Know Love' by Puddle of Infinity
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Original Broadcast: This is Money
Is the can finally going to stop being kicked down the road on social care? Andy Burnham has promised to correct what he has called a ‘dereliction of duty’ by a generation of politicians. But how does he plan to succeed where so many before him have failed, can he pull it off and who is going to end up paying? Georgie Frost, Helen Crane and Simon Lambert discuss how to solve a problem that has defeated successive governments and created a reverse lottery where the unlucky losers can see their wealth wiped out. Meanwhile, there was no move for the Bank of England this week as interest rates were held again, despite fears that the recent spike in energy prices could prompt another inflation shock. What does it all mean for our money? Plus, would you haggle at a high street store? Our man Toby Walne did, so what happened? And finally, is Britain’s beach hut boom over?
Guests: Helen Crane
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Original Broadcast: This is Money
A raft of new initiatives have been released by our new prime minister last week, covering pubs, buses and electricity bills: is this all part of a radical plan, or just more tinkering? And how do we pay for it? Budgeting for defence spending is also clearly a big issue going forward, so what does new Chancellor John Healey have in store for us?
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Original Broadcast: Thought for the Week
Thomas Jefferson's claim that all are created equal with the rights of life, liberty and the pursuit of happiness attracts lip service from politicians but not much commitment: they either want to take away liberty in the pursuit of equality, or to deny that wealth polarisation results from the black hole of economics. Will Andy Burnham also turn a Nelsonian blind eye to this challenge, allowing domestic parochialism to take precedence over the search for a new way forward where all can enjoy the benefits of individual freedom and economic empowerment — a genuinely new political and economic model? Background music: 'Hopeful Freedom' by Asher Fulero
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Original Broadcast: The Financial Outlook for Personal Investors
If you'd like to help a child, grandchild, or other young person get started investing, you have a few options when it comes to the type of account to open. Starting this month, a new option is available: Trump Accounts. Fools Robert Brokamp and Joel O’Leary discuss the details, pros, and cons. Topics covered: eligibility and contribution limits for Trump Accounts, the tax advantages, including potentially converting them to Roth accounts, the drawbacks, limitations, and potential penalties if money is withdrawn before age 59 1/2. Also, the best use cases for Trump Accounts, and other types of accounts that might be more appropriate for the youngsters in your life. Host — Robert Brokamp; Guest — Joel O’Leary.
Guests: Joel O’Leary
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Original Broadcast: Thought for the Week
The wish to tackle inter-generational rebalancing — to break the cycle of deprivation — leads directly to establishing long-term savings accounts for disadvantaged young people: that's why the Child Trust Fund included an HMRC-allocated category for those children (mainly low-income) whose families didn't open accounts. However Government needs to not only open these accounts but also monitor and take steps to deliver them in order to ensure that these young adults actually receive the resources they need in order tob achieve their potential in adult life. A parliamentary event is taking place on 15th July, asking Andy Burnham to prioritise this. Background music: 'Not Forgotten' by Dan Lebowitz
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Original Broadcast: Thought for the Week
The major economic challenges confronting humanity — including the chronic and acute polarisation of wealth — are global in character, just as the major environmental issues. However, nations are too reticent to establish effective global governance to deal with them. All the signs are that Andy Burnham will take quite the opposite approach, with his emphasis on regional devolution within the United Kingdom. This is why it is so important to build awareness and debate on the merits and methodology of a global approach to egalitarian capitalism. Background music: 'The Plan's Working' by Cooper Cannell
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Original Broadcast: The Financial Outlook for Personal Investors
Oil prices have plunged in recent weeks as the war in Iran appears to be coming to a halt. But why did predictions of $200 oil never materialise? We discuss the underlying dynamics. We also covered a new Stablecoin that could be disruptive to payments, and why Nike’s comeback is stalling out. Travis Hoium, Lou Whiteman, and Tyler Crowe discuss why oil prices are dropping, did China prevent an energy crisis? Also, the new open USD Stablecoin, and are Stablecoins Disruptive? Plus, Nike’s earnings, and can Nike make a comeback? Companies discussed: Nike (NKE), Visa (V), Mastercard (MA). Host — Travis Hoium; Guests — Lou Whiteman, Tyler Crowe (1/7).
Guests: Lou Whiteman,Tyler Crowe
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Original Broadcast: This is Money
Goodbye Halifax! It’s being scrapped by Lloyds after 173 years. But why would you kill off one of Britain’s best known and trusted banking brands? Georgie Frost, Lee Boyce and Simon Lambert discuss the end of a very familiar name and talk through the history of what started out as a building society ... and ask: is another historic name next? Also, Britons suffer the sharpest drop in wealth of any developed nation — what’s behind it, and can we arrest the decline? The pensions gender pay gap is still big according to a whole raft of data. We share some key ways that women can boost their pensions. And finally, the secrets to selling on Vinted are revealed by someone who is raking in £12,000 a month selling old clothes.
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