@henryfudgeofficial: Britain is now the first big economy since the euro crisis to pay 6% to borrow. We pay more than America. America. Part of that is a term premium: the extra we pay because Britain lost its natural domestic buyer of long-dated debt, and the pension system is a big reason why. So here's a proposal. Make the full pension tax shield conditional on an age-scaled gilt allocation. No QE, no mandate, no cliff edge. Then I walk through what it does to the Treasury, mortgages, business investment, the Bank of England's QE losses, sterling, energy, All figures marked illustrative are scenarios, not forecasts. Pull them apart in the comments. Operation Grey Twist. Weaponise the pensioners. #economics #ukeconomy #bondmarket #ukpolitics #interestrates

James Morris :

All roads lead to Rome❌ All roads lead to thatcher✅

Olly :

“and now living in Switzerland”

Anthony :

I’m guessing rentier black hole is mentioned on 2:47

Mark :

you should see the fucking loan offer I got from my bank, 8%! I have perfect credit.

barabas :

excellent work, problem being, since the 80's most "money men" are just into stealing, rather than caring about the economy

Sampha :

All I’m hearing is we are cooked

Jak :

Can you please do a video on pension investments, I realised today that only 4% of UK pensions fund are invested in UK companies. Absurd compared to rates of other countries and their pension funds. Apologies if you’ve done so already

Joee 🇬🇧❤️🇺🇦 :

giteixeira :

You know, here in Brazil, the central bank rate is 13,75%

Investingfooddude :

😳 6% Gilts

jme :

you should ve working for the treasury not based in switzerland

Alex Modruk :

This brought me back to my economics A-level classes. Very clear explanation Henry, if only politicians understood any of it

Bernie Smith :

U.K. pensions should only be able to invest in the U.K. retain the investment at home and boost growth

ani.bott :

6%

kpod :

Sounds like a plan. Is anyone listening?

Ian :

I know you’re in Switzerland… but I’d prefer you to be in Whitehall

Every problem is an :

I like the idea of gilts in my pension

donK :

Sonia… my ex’s name. Ouch :)

William Avery :

George Osborne also removed the requirement for personal pension holders to buy annuities. Annuity providers are also buyers of gilts.

Reubik :

They need to make gilt coupons tax free. Its utterly ridiculous that capital gains isnt but coupon is. Pushed everyone into the gilts with arbitrarily low coupons

rexmondo :

Sounds reasonable, so I would imagine nobody will have any interest in doing it.

FITNES365 :

you can use the same criteria and fund the health services department, offloading some of the funding cost to non-profit insurers, which take salary contribution , buy gilts and fund , nhs, which would make debt/gdp shrink quite quickly

ℹ️💲🍌🅰️ :

Hi do you have a podcast? I’d love to listen

Real Life Architecture :

This is all rather brilliant, and you have my vote, but I have one question. Why haven’t the government done this already? It looks like an open goal.

Bradley Green :

It’s such a simple policy fix, and yet here we are