Last weekend I spoke on a panel with three others at the brilliant Battle of Ideas festival at the Barbican. The subject was the British economy post-Brexit. That's a fascinating topic in itself, of course, but the really satisfactory thing about the debate was the fact that all four of us fast agreed that when it comes to the UK economy, the coming change to our trading arrangements with the EU is nothing but a sideshow for the UK.
Our financial futures will actually be determined by two much more important things: debt and demographics (see Satyajit Das's take on this in the cover story). We've been talking about this for some years now. But the good news is that it isn't just MoneyWeek writers and readers who have now noticed just what a difference ageing populations make to countries.
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Inheritance tax investigations catch out 1200 more families in HMRC crackdownWhere there is a suspicion inheritance tax has been underpaid, HMRC has extensive powers to check the deceased individual’s financial affairs and chase what is owed. Will you pay more?
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UK interest rates live: Bank of England expected to cut base rate despite sticky inflationEconomists and industry experts think that a weakening economy will force the MPC to stick to its cutting schedule in spite of inflation running above its target.
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