Ian Cowie says the simplest ways of avoiding inheritance tax are the best — especially when the law keeps changing If there is one thing worse than paying inheritance tax, it is discovering at the graveside that an expensive IHT-avoidance scheme has proved a waste of money, in addition to what you are going to
I have been following with interest — not to say glee — the spat between the government of Kazakhstan and ‘Borat Sagdiyev’, the latest alter ego of the comedian Sacha Baron Cohen. Kazakhstan’s autocratic President Nursultan Nazarbayev has evidently failed to see the funny side of Borat’s characterisation of Kazakh men as brutal racists and
I can perfectly well understand why someone should be an agnostic. But to be an atheist — to deny flatly and without qualification the existence of God — is to me wholly unsympathetic. The depth of folly, indeed, and not without malice to us all. It makes little sense in reason. For if it is
If you happened to be scripting a James Bond movie and were looking for a role model for a fabulously sinister corporation, there can be little doubt where you would look for inspiration today. Gold no longer matters to the global economy, oil is running out, and old-style media magnates are too busy fretting about
Ever thought of investing in teddy bears? Before you collapse in a fit of laughter, consider the fortunate person who found a large Steiff teddy bear abandoned in a skip and took it to Christie’s, where it sold for over £7,000. Or the person who sold a Steiff ‘teddy girl’ to the Yoshihiro Sekiguchi Museum
Simon Nixon says the Conservatives should start saying a lot more about tax cuts and deregulation and a lot less about ‘work–life balance’ To see where business stands in the Conservative leadership’s current list of priorities, take a look at next week’s party conference agenda. The platform that used to proclaim the Thatcherite gospel of
The relationship between Britain and France, in business as in so many other things, seems always to have been built on incomprehension, or at least on very different points de vue. The two former great colonial powers are said to have built their empires on very different institutional models, for example: trading posts or comptoirs
Irwin Stelzer argues that in trade and finance, Anglo–US relations are surprisingly well balanced Britain’s ‘special relationship’ with America is not confined to foreign policy. In more ways than one, our economies are interconnected in special ways, with neither being the other’s ‘poodle’. Start with finance, where Britain seems set to be the dominant partner,
If you happen to be reading this on Friday evening, I invite you to picture me making merry at the Michaelmas Feast of the Company of Merchant Adventurers of the City of York, which is about to celebrate its 650th anniversary and of which I am a rather junior member. Our founders — mercers trading
My local supermarket in Moscow is, by any standards, a well-heeled place. It’s called the Alphabet of Taste, and its mission is to present its wealthy Moscow consumers with refined new ways of parting with their money. The deli counter offers more than 80 cheeses (including such exotica as Bûche d’Affinois and two sorts of
Rupert Steiner meets Bupa chief Val Gooding, one of Britain’s most successful female bosses A silhouette of a faceless giant hangs on Bupa’s atrium wall. The piece is bisected and has vaguely medical undertones, appropriate for the corporate offices of a private healthcare group. But the parallels do not stop there. Bupa has another almost
Larry Silverstein, the 75-year-old property developer who bought a lease on the twin towers of the World Trade Center six weeks before they collapsed, has been a lonely defender these past five years of his right to build the office space of his choosing on what to others is sacred ground. But he has played
Heroes of anti-capitalist protest don’t usually hang out at the Savoy. But Joe Stiglitz is different: the establishment figure who turned on the establishment. He’s a former chief economist at the World Bank and a Nobel laureate. He chaired Bill Clinton’s Council of Economic Advisers and he’s not afraid to tell you about it (‘When
What has been the single most successful and socially useful investment innovation of the last 30 years? Although paradoxically few investors will know what it is, or why they should be grateful that it exists, my nomination is the index fund. On 31 August this year, largely unheralded in the media, this dull but remarkable
Can there be a middle-aged man in Britain whose heart did not beat a little faster last week at the news that Hornby has expressed an interest in acquiring Airfix? This would be a merger that might have been dreamed up in a 1960s toy cupboard. Ailing Airfix is owned by Humbrol, which makes the
After the chaotic scenes of the past few weeks, with probably more than a million travellers caught up at Heathrow alone, it is surely time to rebrand BAA. In the fashionable corporate way, those three initials no longer actually stand for anything, but everyone thinks they still signify the British Airports Authority. This unloved operator
Iran hardly counts as an ‘emerging market’ these days, even for the most adventurous stock-pickers. But there is one Iranian export that appeals to the most sophisticated investors — not oil traders or arms buyers, but those who search for trophies that please the eye as well as making interesting conversational gambits at dinner parties.
For the first time in my life I had to call an ambulance, because my mother was suffering from chest pains. It was a fascinating episode: so much so that my mother, when she was feeling a little better, accused me of actually enjoying it. The reality of Monday morning in a south London A&E
A traditional British brand. A great history. Businessmen love it. Strong in the home counties. Younger people don’t have much idea what it stands for, and probably wouldn’t want it if they did. If these were the political pages, you’d assume we were discussing the Conservative party. But this is the Business section, and we’re
When Harry Truman was president of the United States, he famously displayed on his desk in the Oval Office a sign that read: ‘The buck stops here’. He understood the need to take responsibility not only for his own actions but also for those of his administration, and that this applied even to the toughest