BBC Business Editor Today Programme on BBC Radio 4 Co-Presenter Good Bad Billionaire - Best Business Podcast 2024
Joined April 2009
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He also instituted a prize for African leaders who stood down rather than cling on to power. Fascinating story.
Good Bad Billionaire: How reluctant entrepreneur Sir Mo Ibrahim helped connect Africa with telecoms tech
🎧 From celebs and CEOs to sport stars and tech titans, @BBCSimonJack @misszing find out how the world's billionaires made their money bbc.in/4A7UIHe
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Good Bad Billionaire: How reluctant entrepreneur Sir Mo Ibrahim helped connect Africa with telecoms tech
🎧 From celebs and CEOs to sport stars and tech titans, @BBCSimonJack @misszing find out how the world's billionaires made their money bbc.in/4A7UIHe
Just saw Fatherland. Film about Thomas Mann journey to post war, creeping Stalinist east Germany in 1949 with his daughter played by the always superb Sandra Huller. Only 80 mins long but creates amazing and memorable atmosphere with beautiful photography. Worth a watch IMHO.
Tax raid on landlords and savers
The Chancellor has imposed an additional 2% tax on income derived from savings and property rental.
At the moment basic rate tax payers are allowed to earn up to £1000 tax free and thereafter pay 20% tax on savings income. That will go up to 22% from April 1st next year. Higher rate tax payers can earn £500 tax free and theerafter pay 40% on savings income - which will rise to 42%. The measure is forecast to raise £590 million a year by 2013.
The government is also imposing a 2% rise in any income from property rental. The measure is forecast to raise £455 million a year by 2031.
However, savings in ISAs will remain tax free.
The Chancellor was keen to stress that there would be no tax rise on income from other investments like share dividends - making it clear that the government would prefer savers to invest in what it considers more productive, growth boosting assets than property and savings deposits.
Additional taxes on landlords could of course be passed on to renters.
Chancellor - "I am increasing the rates of tax on income from property and savings by a further two percentage points from April 2027, With no change to tax on income from dividends and tax on income from employment." Wants UK to invest less in property and cash deposits and more in productive assets.
Get your money out of property and into something more productive seems to be the message from the Chancellor who added an extra 2% tax on rental income. Alex Foster at Blick Rothenburg described the move as "the final nail in the coffin for private investors in rental properties".
Simon Jack retweeted
Jack Dorsey founded a social media behemoth, but made more cash from card payments.
🎧 From celebs and CEOs to sport stars and tech titans, @BBCSimonJack @misszing find out how the world's billionaires made their money bbc.in/47GwCXT
Jack Dorsey under the Good Bad Billionaire microscope. He founded a social media behemoth, but made more cash from card payments. He built Twitter, but was removed as CEO, before going on to found fintech firm Square. Link below.
bbc.co.uk/sounds/play/w3ct9b…
Ukraine feeling betrayed by US is not getting much economic help from EU according to boss of Ukraine's biggest steel company whose boss tells BBC that import restrictions aimed at China are hitting Ukraine and urges carve out to help "dire situation"
bbc.co.uk/news/articles/cwdd…
Simon Jack retweeted
Gautam Adani: The multiple mogul
🎧 From celebs and CEOs to sport stars and tech titans, @BBCSimonJack @misszing find out how the world's billionaires made their money bbc.in/4s23SCg
This is the price of insuring the debt of Coreweave against default. The company rents out data centres and still has a very healthy future order book but bond investors getting a bit nervy about size of its debt load.
How Gautam Adani became a billionaire. Latest episode of Good Bad Billionaire. In vision this one.
youtube.com/watch?v=KeD3ww3i…
Unusually strong intervention from Norways Equinor - from whom UK buys 50% of its gas.
bbc.co.uk/news/articles/c6zx…
Hold the front page. Important scrabble news. Just put the p in front of reside to get preside in 2 directions while hitting triple word and using all 7 letters. Epic. 93 points doesn’t do it justice.
Simon Jack retweeted
Nelson Peltz made his money via some contentious methods, but fame came via his daughter.
🎧 From celebs and CEOs to sport stars and tech titans, @BBCSimonJack @misszing find out how the world's billionaires made their money bbc.in/3W5Tayy
The gap between UK and French govt borrowing costs has narrowed over 0.75% - as investors shun French bonds. Interesting backdrop for upcoming French budget and next springs election.
The Prime Minister has said the water industry is an example of everything that went wrong in the 1980s. Mr Burnam said government will remove an "ideologocal" Thatcher era ban on public ownership of water companies in England and strengthen public control. He says where private ownership serves the public, the government will support it but with greater local involvement from regional leaders. This seems to leave the door open to all outcomes. It is not clear what this means for a consortium of private lenders who had hoped to take control of Thames Water with a 10 billion rescue plan. Thames Water is drowning in £20 billion of debt and is expected to run out of cash by the end of the year. Many of his own Mps have called for the nationalisation of the utility. Thames Water itself has warned that it will need to find £2 billion to fund its operations and investments next year - which under public ownership will have to come from public coffers.
Can the threat of war save the European car industry. A few thoughts here on the military industrial complex for BBC indepth.
bbc.co.uk/news/articles/c6vg…
