These days, it’s not so easy to tell who’s raking it in from who isn’t, says Merryn Somerset Webb.
Everybody agrees that rising income inequality will lead to a backlash. But the problem is, says Merryn Somerset Webb – income inequality is actually falling.
The pension tax relief system is needlessly expensive, says Merryn Somerset Webb. There is, however, a simple solution – cap contributions.
The Russian market is cheap for very good reason. But brave investors could be forgiven for being tempted, says Merryn Somerset Webb.
A lot of people in Britain seem keen on wealth taxes. They think it’s a way to hit the rich. But it won’t just be the rich that end up paying.
New ways of investing are cutting out the middleman. That’s great news, says Merryn Somerset Webb. It should make things cheaper, and help restore trust in the financial industry.
If you’re after tax-free dividend payments in your retirement, you won’t get them in a pension. You’re better off with an Isa, says Merryn Somerset Webb.
Housebuilders are building the smallest, meanest properties they can get away with. That needs to be fixed – by regulation if necessary.
Germany’s system of inheritance tax encourages family businesses to grow and thrive. Ours does exactly the opposite, says Merryn Somerset Webb.
RBS was set up with money paid to persuade Scotland to enter a union with England after its Central American empire-building scheme failed.
Most economists seem confident inflation will fall gently to 1%. Their confidence is probably misplaced, says Merryn Somerset Webb.
Charities do vital work in Britain. But having too many of them is pointless and diverts money away from core services.
Scotland’s ‘Yes’ campaign is obsessed with ‘free’ childcare. But it’s not free, it’s funded by taxpayers.
There is a lot of complacency about the Scottish independence referendum. But breaking up the union will mean huge changes for the rest of the UK. By no means all of them good.
Any attempt to simplify the tax system is welcome. But merging income tax with National Insurance will be far from easy, says Merryn Somerset Webb.