Reality Check

Inheritance tax is one of Britain's most unpopular taxes – but why, when so few people actually pay it? Michael Simmons is joined by tax expert Dan Neidle, founder of Tax Policy Associates, to explore why the tax hits the middle classes while the super-rich often escape it. They discuss the Conservatives' plans to exempt family homes, the unintended consequences for the housing market, and Neidle's radical proposal to overhaul the system. Plus, why are Britain's politicians so reluctant to pursue meaningful tax reform?This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

The Spectator’s editor Michael Gove, political editor Tim Shipman, economics editor Michael Simmons, economist and CEO of the Great British Business Council Catherine McBride and Harry Bell, director of financial planning at Raymond James, will give their insights into the autumn Budget, just hours after it is announced.This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Chancellor John Healey has just delivered his first Budget of the Andy Burnham premiership – but has he done enough to turn the economy around?In this special live edition of Reality Check, economics editor Michael Simmons is joined by deputy political editor James Heale, former Treasury adviser – and Managing Director of Forefront Advisors – James Nation and pollster Scarlett Maguire – founder of Merlin Strategy, to unpack the Budget. From £100 energy payments and downgraded growth forecasts to what this means for Britain’s banks – is the Chancellor offering households genuine 'breathing space'?Plus: has this first Burnham-Healey Budget stoked the flames, or dampened expectations, of an early general election?Produced by Patrick Gibbons.This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Andy Burnham’s first Budget as Prime Minister is approaching – but higher borrowing costs have already made the sums more difficult. Former Bank of England chief economist Andy Haldane joins Michael Simmons to warn that Britain has little room left to borrow more.For this episode of Reality Check, Andy tells Michael what could be in next week’s Budget, why devolution alone is not a growth strategy and why he appears to have praised Kemi Badenoch’s economic policies this week. Plus: they discuss the Bank of England’s record on inflation – with Haldane arguing the Bank has not 'learnt its lesson’. What would he have done differently?Produced by Patrick Gibbons and Henry Lloyd.This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Is Britain’s welfare state still a safety net or has it become a pipeline for long-term dependency? Almost one in ten six-year-olds are now categorised as disabled through the benefits system and, on current trends, that figure would rise to one in four 16-year-olds.Reality Check’s Michael Simmons speaks to The Times's Fraser Nelson – former editor of this parish – about his investigation into Britain’s welfare system: why mental health and behavioural claims among children have surged, how disability benefits can follow young people into adulthood and why the system can leave people financially worse off for working. Can Britain break the welfare ‘pipeline’ and what would real reform look like?This episode is brought to you by Artemis Fund Managers, for more information on our fund range please click here: https://www.artemisfunds.com/Produced by Patrick Gibbons.This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

For this special edition of Reality Check, economics editor Michael Simmons hosts a panel from Conservative Party conference on Britain’s growing NEETs crisis: the hundreds of thousands of young people not in education, employment or training. He is joined by shadow education secretary Laura Trott, the CBI’s Megan Bulford, Spectator commissioning editor Lara Brown and the CPS's Daniel Herring.Why are so many young people struggling to enter the labour market, and is the problem education, welfare, the cost of hiring or something deeper? The panel debate the value of university compared with apprenticeships, whether tax and employment regulation are shutting younger workers out, and whether Britain’s welfare system is making it too easy for young people to fall out of work altogether. Plus: are rising anxiety and poor mental health driving the crisis or are they symptoms of a labour market that is failing the young?Produced by Patrick Gibbons and Oscar Edmondson.This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Will the next debt crisis arrive as a sudden market rout – or is Britain already in the foothills of a slower one? Bond markets are back in the headlines, with every move in gilt yields read as a verdict on Westminster. Michael Simmons speaks to the editor of FT Alphaville Robin Wigglesworth, author of A Fabulous Debt, about where bonds came from, who the 'bond vigilantes' really are, whether Liz Truss has a point about the Bank of England and why Britain's index-linked gilts have become so expensive. This episode is brought to you by Artemis Fund Managers, for more information on our fund range please click here https://www.artemisfunds.com/ Produced by Oscar Edmondson and Henry LloydThis episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Michael Simmons is joined live at Labour conference by TUC general secretary Paul Nowak to discuss the state of Britain’s labour market. Are higher wages and stronger employment rights making it harder to hire, or are taxpayers subsidising too many low-paid, insecure jobs? They also discuss energy costs, social care, taxing wealth and banks, and Labour’s biggest mistakes in government.This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

What is fiscal ‘headroom’ – and why does it matter? Michael Simmons explains how Britain’s fiscal rules really work, why changes in borrowing costs can wipe billions off the Chancellor’s buffer, and why losing headroom does not automatically mean another round of tax rises.This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.

Some whistleblowers from the AI industry claim there is a more than 10% chance that artificial intelligence could wipe out humanity within a few years. A group of mostly Labour MPs has written to Andy Burnham calling for action on existential AI risk, while conceding there is little the British government can do about it alone.Michael Simmons speaks to John Power about the incentives behind the warnings, whether AI can realistically be regulated and why more mundane harms, from AI-written complaints flooding bodies such as IPSO to hackers using chatbots, may deserve more attention. Are the doom-mongers sounding a genuine alarm – or selling the most powerful product ever built?This episode is brought to you by Artemis Fund Managers, for more information on our fund range please click here https://www.artemisfunds.com/Produced by Henry LloydThis episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.raymondjames.uk.comBecome a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcastsContact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.