America is at risk of turning Japanese, says hedge-fund manager Kyle Bass. The US central bank, the Federal Reserve, is expected to cut interest rates later this month, in hope of boosting inflation. Markets already expect a significant reduction in rates over the longer term, but Bass tells the Financial Times that he thinks even the gloomiest projections are wrong.
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What is a trust – and should you use it to avoid inheritance tax?Trusts are surging in popularity as a way to avoid inheritance tax, according to financial advisers on the frontline of estate planning. We look at what trusts are and if they are right for you.
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