Original Broadcast: Thought for the Week
England delivered a withering verdict on its ruling Conservative Party last week, but the motley spread of replacement parties plus low turnout revealed a population thoroughly disenchanted by politics. Democracy is calling for a fresh perspective, based on reason and logic. We need to draw inspiration from people like Thomas Jefferson who said, 'We hold these truths to be self-evident: that all are created equal, that they are endowed with certain unalienable rights, and that among these are life, liberty, and the pursuit of happiness.' Background music: 'Freedom' by Dan Lebowitz
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Original Broadcast: Thought for the Week
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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Original Broadcast: Thought for the Week
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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Original Broadcast: Thought for the Week
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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Original Broadcast: Thought for the Week
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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Original Broadcast: Thought for the Week
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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Original Broadcast: Thought for the Week
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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Original Broadcast: Thought for the Week
Universal provision of free health and social care plus the payment of interest on government debt comprise nearly two-thirds of UK public spending. We need fresh polices underpinned by a new set of principles appropriate for the 21st century, and political advisers and pundits would do well to check our Thought for this week when constructing their manifestos for the approaching UK general election. Background music: 'Everything Has a Beginning' by Joel Cummins
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Original Broadcast: Thought for the Week
Oxford University Professor Ben Ansell is delivering this year's Reith Lectures on the future of democracy: whether it's in retreat across the world, whether citizens of wealthy countries have embraced a false sense of security, how to build a sense of solidarity in polarised societies, and how to enable continued economic growth without wrecking the environment in the process. But will he tackle the question of how democracy can — and should — evolve from national to global governance? And will he address the need for participation in individual ownership and the accompanying enhanced sense of responsibility, combined with the need for the young to be empowered through inter-generational rebalancing? The next three lectures will tell. Background music: 'Resolution' by Wayne Jones, Image source: BBC
Guests: Lord Lee
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Original Broadcast: Thought for the Week
In the old days we either telephoned someone for a quick answer to a question, or sent a letter which focused the attention of the recipient. Now huge volumes of emails fly across the net, and we're left waiting days for an answer. It may be cheap, but is it productive? Also — People think that debit cards are as safe as credit cards or direct debit authorities — until something goes wrong. And, if it's a continuous payment authority given to an overseas supplier, there's very limited protection available, beyond FCA guidance. Background music: 'Communicator' by Reed Mathis
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