Paul Johnson, Institute Fiscal Studies

IFS director: Inheritance increasingly determines wealth in UK

A person’s lifetime wealth is increasingly defined by how much they inherit from their family, says The Institute of Fiscal Studies director Paul Johnson. Johnson believes inheritance in determining an individual’s life chances is probably at its highest since Victorian times. Speaking at an event run by Seven Investment Management, Johnson argued this will have […]


Chancellor calls for review of ‘complex’ inheritance tax

Chancellor Philip Hammond has asked the Office of Tax Simplification to review the inheritance tax regime. In a letter dated 19 January, Hammond noted the system is “particularly complex” and wants to hear proposals the OFT has to simplify it. Hammond added the review should focus on technical issues such as how returns are submitted […]

UK equity funds see £2.6bn outflows in 2017

Investors continued to pull money out of UK equity funds in the last month of 2017 reaching a total of £2.6bn outflows for the past year following continued economic and political uncertainty, figures from the Investment Association show. Equity funds saw net retail sales of £10.5bn for 2017 which caught up with the £8.5bn outflows […]


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders


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