Life expectancy, inheritance tax and the NHS vs winter
Jan 17, 2024
auto_awesome
Paul Lewis, economist and financial journalist, discusses the low percentage of people who pay inheritance tax. The podcast also explores the impact of COVID-19 and flu on the NHS, analyzes the decline in UK life expectancy, and investigates the feral cat population in Australia.
The NHS is facing challenges during the winter season, with COVID-19 and flu infections causing increased pressure on hospitals, although COVID-19 infections and hospitalizations are starting to decline.
Only a small percentage of people, approximately 5%, are liable to pay inheritance tax in the UK, with various factors such as leaving assets to a spouse or having special allowances for houses, exempting many from this tax.
Deep dives
NHS Pressures and COVID-19
The podcast discusses the pressures faced by the NHS, particularly during the winter season, in dealing with COVID-19 and other challenges. The latest data indicates that COVID-19 infections have peaked and hospitalizations are also showing signs of decline. However, the number of patients waiting long periods in accident and emergency departments is still a concern. Ambulance response times and the time taken to answer 999 calls have improved compared to last year, but they are still outside the target response times.
Inheritance Tax in the UK
The podcast features an interview with finance expert Paul Lewis, who discusses inheritance tax in the UK. It is revealed that only around 5% of estates are liable to pay inheritance tax, with several factors, such as leaving everything to a spouse or having a special allowance for the house, preventing many from being subject to this tax. The podcast also touches upon the wealth held in pension pots, which is separate from inheritance tax calculations.
Life Expectancy and UK Statistics
The podcast addresses the recent decline in UK life expectancy, as reported by the Office for National Statistics. The data shows a significant drop in life expectancy during the first year of the pandemic, with some recovery in subsequent years. However, it is emphasized that life expectancy figures are a reflection of past mortality rates and not direct predictions of individual lifespans. The podcast also compares UK life expectancy with other countries, highlighting the UK's lower improvement and position in relation to Western European countries.
We report on the state of the NHS as it struggles through a double wave of Covid and flu infections.
We report on the state of the NHS as it struggles through a double wave of Covid and flu infections.
Do only 4% of people pay inheritance tax? Paul Lewis sets out the figures.
And what do the latest life expectancy figures tell us about how long we’re going to live?
Presenter: Tim Harford
Reporter: Kate Lamble
Producers: Nathan Gower and Debbie Richford
Series producer: Tom Colls
Production co-ordinator: Brenda Brown
Sound mix: Graham Puddifoot
Editor: Richard Vadon
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode