David Sturrock

In this insightful discussion, Eliza Filby, a best-selling author of "Inheritocracy," and David Sturrock, a Senior Research Economist at the IFS, tackle the widening divide between baby boomers and younger generations. They explore how inheritance shapes social mobility, emphasizing the reliance of millennials and Gen Z on familial support for significant life milestones. The guests also dive into the implications of wealth concentration and the challenges of stagnant earnings, highlighting the urgent need for reforms to bridge the wealth gap and elevate opportunities for future generations.

Helen Miller, Deputy Director at the Institute for Fiscal Studies, and David Sturrock, an IFS expert on inheritances, dive into the recent budget changes affecting inheritance tax. They discuss how just a small part of the £40 billion tax hike is from inheritance tax, yet it's dominated the headlines, especially regarding farmers. The conversation highlights the complexities of the tax, its perceived fairness, and its impact on various wealth demographics, including significant challenges for individuals with assets tied up in their homes.