The rich got richer following both the Covid and Banking crashes. In 2020, US billionaires added £2trillion to their wealth, there were at least 20 new ‘pandemic billionaires’ in China and India and at least as many here and in Europe (a separate place now, you’ll remember). The poor, of course, got poorer, and will continue to do so. 5% inflation doesn’t mean much if you have seven figures in your bank account, neither will the NI increase in April, as I doubt many super-rich pay National Insurance anyway. How and why did this happen? A brilliant new BBC documentary puts it all down to QE, Quantative Easing, the policy brought in to save our economic skins which almost no-one understands nor can explain…
“Inheritance tax on course for record year of receipts (again) amid calls to scrap it”
Will he/won’t he abolish Inheritance Tax? The Pre-Budget rumour is still out there, perhaps ‘running it up the flagpole to see if it catches the wind’, or perhaps to distract from other rabbits which may be pulled from Jeremy H’s figurative hat.
