Financial Fairness Podcast

By: abrdn Financial Fairness Trust
  • Summary

  • How can we improve financial fairness in the UK? We fund research, campaigning and policy work to tackle financial problems in the UK.
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Episodes
  • 23. How can we make inheritance tax fair?
    Dec 17 2024
    Episode 23: Inheritance Taxation Mubin speaks to Dan Goss from Demos and David Sturrock from the Institute for Fiscal Studies about their research on inheritance taxation. For more information on inheritance tax you can read the following reports funded by the Trust: Inheritance Tax reliefs: time for reform? Options to repair inheritance taxation in Britain Raising revenue from closing inheritance tax loopholes
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    48 mins
  • 22. What does the Budget mean for living standards?
    Nov 8 2024
    Mubin and Carl drill down into what was announced in October’s budget. What does it mean for people's living standards, the British economy, and whether we will see an end to stagnation? The interview Mubin asks Carl Emmerson, Deputy Director of the Institute for Fiscal Studies, about the October 2024 Budget. On taxes, the Chancellor raised an extra 40 billion pounds a year. Did she go far enough or did she go too far? And how coherent was it as a tax plan? On fuel duty, it was quite a surprise there was no change. Does Carl think that showed some of the risk averseness that the government has? Carl discusses big tax rises. The Chancellor pledged to no return to austerity. What does this extra tax and borrowing mean for public services? Some departments, like the NHS and overseas aid, are going to be getting 4-5% increases in spending. And that's going to mean a lot less for other departments, particularly given how much the NHS takes up as a percentage of public spending. What's actually happening in terms of growth? What are the changes on employer's National Insurance contributions. Who will be affected and how? Has the government effectively raised taxes on working people? Did the government get it right on the changes made to inheritance tax? Capital gains tax. We saw the rate increase and it was a modest increase. Was that the right level? Will the changes to wealth taxation have any significant impacts on people migrating? Was there really a fiscal black hole of £22 billion? The next fiscal event is going to be the spending review. What are we expecting in relation to that?
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    46 mins
  • 21. Beyond the triple lock - what else are the parties offering?
    Jul 2 2024
    With both of the main political parties claiming your pension is not safe with the other, and that they will keep the triple lock, we drill down into what the parties are offering, whether it’s enough for the future and how they will deliver it. For this episode Mubin is joined by David Gauke. David is a British political commentator, solicitor and former politician who was the Member of Parliament for South West Hertfordshire from 2005 to 2019. David has served as Secretary of State for Work and Pensions, Secretary of State for Justice and Lord Chancellor. He is also a member for the Pensions Review steering group.
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    35 mins

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