Merryn Talks Money

Hosts dive into Greater Manchester mayor Andy Burnham's intriguing bond-market comments and their implications for fiscal policy. They explore the concept of a 'Turkish Portfolio' that combines equities and gold as a hedge against currency debasement. There's a spirited discussion on the role of gold as a crowded hedge and whether it's overvalued. With a nod to the broader implications for Western economies, they also emphasize the importance of asset allocation in uncertain times.

Listeners get answers to pressing money questions, touching on the complexities of pensions and taxes. The hosts debate revenue-raising tax reforms and the viability of social media restrictions for kids. They break down the pros and cons of absolute return funds in a market that feels shaky. Bitcoin investment trends are examined, alongside the historical behavior of UK bitcoin trusts. Lastly, a serious discussion on the UK's debt situation and political risks reveals insights into potential hedges like gold.

Luca Paolini, Chief Strategist at Pictet Asset Management, shares insights into the end of US exceptionalism as the world enters an 'age of convergence.' He explores the shifting dynamics in Europe and China, the implications of AI on market valuations, and why it could be wise to rethink your portfolio with a focus on bonds and gold. Paolini also discusses inflation risks, the appeal of asset tokenization, and the potential for tactical investments in China. Discover practical advice for reallocating assets in today's changing landscape!

Explore the surprising insights from Next's half-year report, highlighting falling job vacancies and rising applications. Discover how increasing labor costs are pushing businesses towards mechanisation and AI solutions. Delve into the implications of the Bank of England's rate hold versus the Fed's recent rate cut, and what these diverging monetary policies mean for economic growth and inflation. Tune in for a lively discussion on the evolving job market and the impact of technology on productivity.

Mark Wood, an expert in UK pensions and Chairman of Everest Funeral Concierge, dives into crucial changes in pension reforms. He discusses the complexities of tax-free pension lump sums and the shifting responsibilities of inheritance tax from providers to families. The conversation also highlights the potential tax implications of gifting and the unexpected challenges posed by political changes. Wood emphasizes strategic planning to navigate these evolving regulations, ensuring listeners are better prepared for their financial futures.

Dieter Helm, a Professor of Economic Policy at the University of Oxford and a leading thinker on sustainability and energy economics, tackles the pressing issue of skyrocketing UK energy prices. He delves into the disconnect between political ideology and economic reality in energy policy. Helm explores the complexities of the UK's net zero goals and how they contribute to rising electricity costs. He calls for a pragmatic approach to energy sustainability, emphasizing the urgent need for government action to mitigate consumer burdens while transitioning to renewable sources.

Noor Al Ali, an expert from Bloomberg Markets Live, joins to dive deep into gold's impressive resurgence and its potential as a new reserve currency. They explore the significance of gold amid fluctuating global markets and its role as a hedge against economic uncertainty. The discussion includes rising demand from central banks, and the unique dynamics of both gold and Bitcoin in today's investment landscape. As geopolitical tensions grow, the podcast unpacks how these factors could reshape our financial future.

Marc Shoffman, an award-winning journalist known for his insights in The Times and Money Week, shares valuable financial wisdom for university students facing the daunting transition to independent living. He offers smart budgeting strategies, emphasizing the need for an emergency fund and informed spending choices. The conversation explores various banking options that cater to students, highlighting benefits like cashback and discounts. Marc also discusses the importance of healthy financial habits to navigate loans and expenses effectively throughout their academic journey.

Liz Truss, former UK Prime Minister and author of '10 Years to Save the West', shares her insights into the UK's economic crisis and her brief tenure in office. She dives into the 'doom loop' affecting financial stability and the challenges of implementing meaningful fiscal policies. Truss discusses the complexities of navigating spending cuts and the political will needed for reform. Additionally, she addresses issues of free speech and media sensationalism, reflecting on the lessons learned from her experiences in government and the pressing state of the economy.

Marcus Ashworth, a Bloomberg Opinion columnist known for his insights on market trends, joins to discuss crucial economic issues. They explore the IMF's hesitance to assist the UK and analyze soaring gilt yields amidst political instability. The conversation shifts to gold's outstanding performance as an investment and unpacks the complexities of stamp duty in the property market. They also anticipate the upcoming budget challenges that could reshape taxation and spending, offering a glimpse into potential market responses.