Dr Arun Advani

Dr. Arun Advani, Professor of Economics at the University of Warwick, provides expert insights on the recent budget announcement. He discusses a monumental £40 billion tax increase affecting personal finances, including significant changes to inheritance tax and national insurance. The conversation includes implications for small businesses, particularly in hospitality, and examines the surprise cuts in alcohol duty, particularly for draft beer. Advani also tackles how these financial changes intertwine with government support for low-income households amidst growing economic pressures.

Dale Vince, a millionaire businessman and founder of Ecotricity, advocates for a wealth tax on the ultra-rich, arguing it's time for the wealthy to contribute more to public finances. Arun Advani, an economics professor, explains how implementing such a tax could enhance social equity and government revenue. They discuss the complexities of wealth taxation, challenges of assessing assets, and the moral imperative to address economic disparities. The conversation touches on the contrast between tax rates for wage earners and wealth holders, advocating for fairer tax reforms.