The annual allowance that has wreaked havoc in the NHS has spread to the armed forces – and is a perfect example of how higher taxes can actually reduce the amount of tax collected.
Saving money while on holiday is all very well. But if you have the cash, paying for all the extras is definitely worth it, says Merryn Somerset Webb.
Asset manager BlackRock thinks the ECB should start buying equities. But that would distort pricing signals; be anti-free markets; and would be almost impossible to unwind, says Merryn Somerset Webb.
If you are offered a temptingly high return on anything, says Merryn Somerset Webb, it is because it is illiquid and risky. That’s something that investors in peer-to-peer platform Lendy should have realised.
The government is consulting on the pensions annual allowance taper that is wreaking havoc in the NHS. Much better would be to simply abolish it, says Merryn Somerset Webb. And not just for the NHS.
NHS doctors are responding to the perverse financial incentives of the pension contributions annual allowance scheme by just not doing any extra work. The system needs fixing. And not just for doctors.
Plans are afoot for a new stockmarket for Scotland, which will only list companies that make a positive impact on society and the environment. It’s a neat idea, says Merryn Somerset Webb.
Many people claim to be worried about the effects of a no-deal Brexit. But there is a much more serious threat to Britain, says Merryn Somerset Webb: a Jeremy Corbyn government.
A jubilee for student debt is an attractive idea but not a fair one, says Merryn Somerset Webb. Better to give everyone a hefty lump sum – whether they have debts or not.
The consequences from the Neil Woodford debacle aren’t limited to his fund’s investors. He and his ilk could pose a systemic risk to the financial system, says Merryn Somerset Webb.
Libra, the proposed new cryptocurrency from Facebook, could be huge, says Merryn Somerset Webb. Not because it is a cryptocurrency. But because it isn’t.
The May employment report in the US was mildly disappointing. But in America, as in the UK and Europe, the labour market is looking super strong, says Merryn Somerset Webb.