Merryn Talks Money

Barry Norris, Chief Executive of Argonaut Capital Partners, brings his global finance expertise to the conversation. He argues that capital favors the US and Argentina over the UK, critiquing Labour tax policies and high energy costs. Norris dives into investment opportunities in Argentina's evolving energy sector, driven by fracking, and discusses the political dynamics in the US. He also shares his insights on Bitcoin, questioning its value while highlighting its protective potential in challenging economies.

A lively discussion uncovers the high valuations of US companies and the skepticism around their future profits. The UK's unappealing investment climate is also examined, despite the market being relatively inexpensive. Insights into the car finance scandal suggest potential, unnoticed repercussions for consumers and the financial sector. The impact of regulatory changes on UK consumer credit and the challenges that could arise from recent legal cases are explored. Meanwhile, the unpredictability of government policies continues to shape both markets.

Harry Wilson, a senior reporter at Bloomberg and expert on the UK car finance industry, sheds light on a brewing crisis involving hidden commissions in car loans. He discusses the Financial Conduct Authority's investigation into personal contract plans and their impact on consumer perceptions. The conversation dives into how recent regulatory changes may reshape the financing landscape. Wilson also guides listeners on consumer rights and navigating the compensation process amid the scandal, highlighting both challenges and potential benefits for affected consumers.

Delve into the quirky world of chicken to unravel serious economic issues. Explore how the poultry industry mirrors the dynamics of American capitalism. Discover why chicken and egg prices are soaring and what it reveals about inflation and labor markets. The discussion illuminates the interplay between consumer choices and economic structures, all while keeping the tone light and engaging.

Sam Bowman, founding editor of Works in Progress and expert in competition policy, delves into the roots of Britain's economic stagnation. He points out the role of high energy costs and outdated infrastructure, advocating for urgent reforms in planning systems. The discussion highlights the challenges of renewable energy, suggesting nuclear power as a more reliable alternative. Bowman emphasizes the need for regulatory changes to boost efficiency and lower electricity prices, offering insights on navigating bureaucratic obstacles in infrastructure projects.

UK farmers express their frustration over rising inheritance taxes, raising concerns about their financial viability. The discussion delves into how high property values clash with low income returns, threatening family-run farms. Tax policies are scrutinized for their disproportionate impact on smaller businesses. Meanwhile, inflation trends are analyzed, revealing potential impacts on interest rates and the housing market. The podcast uncovers the intricate relationship between land value, ownership, and generational ties among farmers.

Stuart Trow, a Bloomberg Opinion columnist and author of "The Bluffer's Guide to Economics," shares his expertise on pension drawdown. He explains how this method allows retirees to access their pension income while keeping the rest invested. The discussion emphasizes the complexities of choosing tax-free lump sums and managing investment strategies. Trow highlights the importance of understanding risks like longevity and inflation in retirement planning. He also contrasts individual bonds with bond funds for sound financial decision-making.

Diane Coyle, Bennett Professor of Public Policy at the University of Cambridge, delves into the economic implications of AI on productivity and jobs. She argues that significant AI-driven advancements may take a decade to manifest. The conversation touches on the complexities of AI integration in healthcare, regulatory needs for fair competition, and the limitations of traditional economic measures like GDP. Coyle emphasizes a future where AI could minimize mundane tasks, enhancing job satisfaction and personal enjoyment.

In this week's roundup, Merryn and Money Distilled newsletter author John Stepek discuss the latest Bitcoin boom in the wake of Donald J. Trump’s confirmation as President Elect. Is there more room for Bitcoin, Dogecoin, and other cryptocurrencies to rise? What headwinds are in store? And how much Bitcoin do Merryn and John own? SPECIAL ANNOUNCEMENT: Merryn is getting her own newsletter. Sign up here: https://www.bloomberg.com/account/newsletters/merryn-talks-moneySee omnystudio.com/listener for privacy information.

In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek discuss a listener question about whether setting up a limited liability company is a good strategy to save on taxes in the UK. See omnystudio.com/listener for privacy information.