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'I think a lot of the debate around [the nearly one million 16-24-year olds who are NEET*] has been framed in the wrong way as a fiscal problem. It is a fiscal problem, but it’s [also] a moral problem, it’s a social problem, it’s an economic problem. I think you’ve got a moral crisis.’

Alan Milburn, former Labour cabinet minister

*Not in Employment, Education or Training

All that geopolitical turmoil during the past week has somewhat eclipsed the growing debate about the impact of social media on young people. There is, however, quite a vigorous debate, particularly in the House of Lords, on whether the United Kingdom should follow Australia in banning under-16s from access: it's the subject which leads discussion in The Bigger Picture this week.

Taking a wider perspective, the lead article in The Times last Saturday featured Alan Milburn's review of what he describes as a ‘lost generation’ of 16-24-year olds who are not in employment, education or training; his comments also reference the addictive power of social media at several points.

He warns against placing too much emphasis on mental health concerns, commenting that both anxiety and depression are normal. However he also reflects, as shown in our opening quotation, that it's a moral problem — indeed, a moral crisis — as well. There's no doubt that this has been escalated considerably by the isolation and distortions brought about by excess social media exposure.

The new Children 's Minister Josh McAlister very much understands this challenge for a particularly insecure segment of adolescents: young people in care. He would like to see at least two reliable adult relationships for each care leaver to provide points of reference, and those who listened to Amol Rajan’s Radical podcast on foster carers will understand why this is so important.

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We've published over 430 of these weekly commentaries covering a wide range of issues, and you can find links here to the full list over the past eight years.

 

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The Bigger Picture discusses the potential for an under-16s ban on social media, and the whirlwind of political activity over the past fortnight. This Is Money considers the challenge of investing in U.S. funds with a falling dollar, and The Financial Outlook reviews investing prospects in the age of Trump. Meanwhile, Motley Fool Money looks at the prospect for major IPOs in the U.S., and checks out Netflix performance. There are no less than three new Modern Mindset episodes covering Burns Night, ADHD & sleep challenges and WordPress, and a new episode of The Hypnotist with insights on Inner Child hypnosis. Plus, there are our regular reviews of the latest gadgets and movies — and please note that for quick links to Gadgets & Gizmos podcasts via Spotify, Apple, and Amazon, just click here:

 

 

 

 

Please scroll down this home page for links to these programmes. Also, for those who prefer listening on Apple, Spotify or Amazon, try searching for our podcasts under ‘Hrkn’ — a quick way to find us! 

It's great to see Simon Rose, presenter of The Bigger Picture, The Financial Outlook, Gadgets & Gizmos and The Business of Film recognised in the Radio Times!

Also — please consider joining the Classic Movie Club where James Cameron-Wilson, Simon's sparring partner in The Business of Film, is executive editor.

Our 'live stream' is also now available on Alexa: just say 'Alexa, enable Share Radio skill', then 'Alexa, play Share Radio' or 'Alexa, open Share Radio' when you want to listen.

 

If we are to establish a more equitable society — supporting the individual human achievement so vital for democratic capitalism, but at the same time based on egalitarian principles — it is also vital to provide the necessary academic rigour to support its propositions.

King’s College, Cambridge, in partnership with the University's Faculty of Economics, has established the SHARE research project (Supporting Human Achievement through Research based on Egalitarian Principles) with a four-year post-doctoral research fellowship. Areas of research include inter-generational wealth transfer; human capital (improving inequality and productivity through education and training); disintermediation; and mass ownership.

Share Alliance is being established as a registered charity to support and provide oversight for the research project.

On Friday 14th April '23 its first half-day conference took place, concentrating on two leading propositions: inter-generational rebalancing and 'Stock for Data'. It was also an opportunity to hear about underlying principles and its planning for the future, and there was a panel session for general discussion.

Video recordings of all five sessions are available via the Share Alliance website. Presentation slides are also available here

 

When you just need some relaxing background music for reading, writing or entertaining, Share Music complements our speech programmes with a flow of instrumental folk music. However these speech programmes are always at hand via Share Sounds, where there's also an online slide display to highlight some of the best.

Information on tracks played is shown both on the 'Listen Live' tab and on our mobile app: but please note one of our latest additions: 'Resonant Futures' by The Imaginaries.

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In partnership with publishers Harriman House, Share Radio has produced the audiobook 'Superinvestors', written by Matthew Partridge and read by some of Share Radio's best known presenters: Simon Rose, Fenella Fudge, Glen Thompsett, Ed Bowsher and accomplished actor David Ricardo Pearce, whose ancestor is featured in the book.

Order your audiobook download of Superinvestors 

Welcome to Gavin Oldham's full presentation describing his vision for egalitarian capitalism.

The main set of proposals are as follows:

Egalitarian Capitalism is an alternative to socialism which, while fostering and encouraging enterprise for all, acts to involve and empower people right across society and especially the young. 

Six key steps of egalitarian capitalism

  1. A proper programme of financial education to help people from all walks of life to build a personal store of freely disposable assets.
  2. Setting the conditions for disinter-mediation, in particular reducing the extent of parasitic inter-mediation which separates people from a sense of ownership and control.
  3. Direct share ownership: drawing together employee, consumer and share-owner, providing much improved corporate governance so that individual share-owners can participate fully in the companies in which they have chosen to invest.
  4. Calls for risk to be properly recognised when setting taxation on reward. This means encouraging innovation and continuing to recognise the risks taken by self-employed people.
  5. Addresses inter-generational equity, introducing a programme of incentivised financial learning for the disadvantaged young, fuelled from inheritance tax receipts, to enable them to achieve their full potential in adult life.
  6. Tackles one of the most difficult issues for democratic capitalism: universal benefits. It proposes a new voluntary approach for higher taxpayers to make discretionary payments for using universal, state-run services.

We're getting increasingly used to Donald Trump's bullying tactics; it's time to encourage U.S. tech leaders to persuade him to back off, by applying the same (Greenland-based) level of tariffs on their exports to Europe and the UK. Meanwhile, ID verification should not be used so much to restrict young people from work in the UK as to help them make a good start to adult life in their countries of origin. Background music: 'Dance of the Mammoths' by The Whole Other.

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We're looking forward to a significant step forward towards inter-generational rebalancing as a result of Share Alliance's two-day conference in May: the first day focused on academic research and the second on policy options. Please let us know if you're interested by visiting this 'Save the Date' page. This will hopefully be a refreshing contrast to the mix of nostalgia and charisma which seems to be driving so much of politics at present, and which was the subject of an interesting discussion between Amol Rajan 

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·    Trump's assault on Venezuela casts a major question mark over his claim to be a peacemaker — resorting to military action to deal with criminal activity is a poor substitute for international law and order. We urgently need to listen to Xi Jinping's call for global leadership — on a new basis of participation, not dominance. Background music: 'World's Sunrise' by Jimena Contreras

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Mike Indian tries his best not to mention “the giant orange elephant in the room”. He discusses the Lords amendment which would impose a ban on social media for the under-16s. This would follow a similar move in Australia and has strong cross-party consensus. Robert Jenrick’s defection to Reform was undermined to some extent by the response from a more assertive Kemi Badenoch which took some of the wind out of Nigel Farage’s sails. He does not have a history of playing nicely with people and Jenrick may yet find himself a bit player in the Nigel Farage Show. As for Trump’s speech in Davos, despite his trampling of the rule-based international order, he clearly yearns for acceptance from the world elite. But, as his health fails, he is becoming increasingly erratic and may yet try and find a way to get a third term.

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This episode is about harnessing strategies which you may have developed during childhood, including love and acceptance, in order to make more use of it in your life today: it's particularly relevant to the degree to which you may feel obliged to feel responsible for relationships with others. It's also worth thinking, as you listen to this episode, about how many young peeople growing up today might be handicapped from using this 'inner child' approach in future as a result of spending an excessive proportion of their time on social media.

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·    Russ Mould of A J Bell asks what lessons we can draw from Donald Trump’s speech at Davos, an event Russ would normally ignore. We know Trump likes to deal and to keep the US stock market happy and running hot. We can probably expect market volatility and there are indications that it makes sense not being too over-exposed to US equities. Investors keen to protect themselves should opt for shares that aren’t so highly-priced, which applies to lots of UK stocks. American shares are now such a high proportion of the world stock market that it makes sense to diversify away. The FTSE All-World ex-US index has broken out to a new all-time high. Once you go above a previous peak, momentum can be very strong. The UK has had 3 or 4 bids already this year including one for a FTSE100 company. You can still make a valuation case for the UK.

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Donald Trump has been hijacking the headlines this week, with his speech at the World Economic Forum in Davos a major talking point globally. With plenty of geopolitical drama afoot, what does a weakening US dollar mean for UK investors with money tied up in US and global funds? Simon Lambert, Georgie Frost and Lee Boyce discuss. One of the world’s biggest investment firms, Vanguard has spurned the Chancellor's efforts to drive up investment in the UK, as it plans to cut its LifeStrategy exposure to the UK — why, and what should you do? Nationwide has bumped up what it will lend on mortgages to six times salary — it means borrowers can potentially borrow £50,000 more. Is this a step in the right direction or the path to trouble? Are you saving enough for retirement? Our analysis shows what you need in your pot at every milestone age to be on track — and what to do if you’re off target. This is Money reporter Harvey Dorset tries out a £5,000 smartphone — so what do you get for such a huge outlay? Lastly, Lee speaks to actress Joanna Page about her finances — the Gavin and Stacey star reveals what her mum and nan taught her about money.

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Steve Caplin is intrigued by a robot that the University of Columbia has been training to lip-sync to make it more lifelike. He discusses the history of the laser, originally called a death ray and yet which is only now apparently worthy of the name. There’s also an airbag for cyclists, a cycle helmet that protects more than just head-on crashes as current helmets do, while the Australians have come up with a semi-recumbent electric trike. Peugeot have tried to reinvent the steering wheel, which they claim will be the “future of driving”, and there’s a Norwegian sewing app that may defeat any non-Norwegians trying to find it.

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It only took us a couple of weeks into 2026, but it appears this year is shaping up to be the year that many of the largest private companies finally go public. It could start sooner than expected as SpaceX has hired bankers for a potential IPO this year. SpaceX could be the first of many. Tyler Crowe, Matt Frankel, and Jon Quast discuss Rocket Lab’s test failure, SpaceX’s IPO rumors and who could quickly follow, investing advice when analysing IPOs, and IPOs on our radar. Companies discussed: RKLB, TSLA, EQPT. Host — Tyler Crowe; Guests — Matt Frankel, Jon Quast.

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Netflix reported earnings and results were solid, but guidance left investors wanting more. We discuss what we saw and why Netflix went all-cash for its Warner Bros Discovery bid. We also touch on the bond market, which is looming over the market today. Travis Hoium, Lou Whiteman, and Rachel Warren discuss Netflix earnings, Netflix going all-cash for WBD, and bond markets in turmoil. Companies discussed: Netflix (NFLX), Warner Bros Discovery (WBD). Host — Travis Hoium; Guests — Lou Whiteman, Rachel Warren.

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James Cameron-Wilson says that #1 ‘28 Years Later — The Bone Temple’ deserves its 18 certificate as you will need a strong constitution. Starring Ralph Fiennes and Jack O’Connell, it’s hard to watch but is a gripping horror film with style, beauty and terrific dialogue. #7 ‘Rental Family’, starring Brendan Fraser, is set in Japan and directed by the Japanese Hikari. It’s an odd but enthralling story with a light touch about an actor rented out as a family member. On Netflix, Matt Damon and Ben Affleck star in ‘The Rip’, a generic, often confusing but hard-hitting action thriller. It seems far-fetched but is based on a true story so outlandish, it had to be scaled back.

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The dust has settled on the Budget but while we now know what Rachel Reeves plans for our finances, many questions remain. The Budget featured a raft of tax rises — but also left out some moves that were widely rumoured to happen. On this special bonus episode, Simon Lambert is joined by Lisa Caplan, of Charles Stanley Direct, to find out what people are asking after the Budget — and the answers to those important questions

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Rory McGowan is joined by Mary Hubbard, executive director of one of the earliest websites created, WordPress,  to answer these questions:
Tell us more about your website? Why do websites still matter in an age dominated by apps and closed platforms? How have user expectations of websites changed over the last decade? What needs to happen to ensure the web remains open for the next 35 years? Where can listeners go for more information on this?WordPress?

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If you’ve set yourself the goal of improving your sleep this year, but already feel you’ve failed, there may be more at play than standard insomnia. Leading psychiatrist, Dr Bruna Sanader Vukadinovic, is warning that an over-reliance on insomnia medication may be doing more harm than good — especially when ADHD is involved. She joins Rory McGowan to discuss this further and give her top tips.

Burns Night is one of Scotland’s best-known traditions, celebrating the life of poet Robert Burns each year on 25th of January.  But new research reveals a striking gap between awareness and action — while most Brits have heard of Burns Night, only a quarter actually celebrate it, and many people, including Scots themselves, are unclear about what it really represents. Joining Rory McGowan to discuss this is Aberfeldy Global Brand Ambassador Matthew Cordiner.

The UK Budget speech and the response from Leader of the Opposition Kemi Badenoch. This includes the 'Point of Order' beforehand from Mel Stride regarding the premature release of the OBR report. This is the unabridged record without comment, and the recording runs for one hour and 31 minutes.

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Pensions and inheritance are at the forefront of many people's minds ahead of the Budget. In her last Budget, Rachel Reeves announced she will pull pension pots into the inheritance tax net from April 2027. Meanwhile, there are concerns that pension tax-free lump sums and inheritance tax allowances could fall victim to another raid as the Chancellor tries to balance the books again. In this special episode of the This is Money podcast, Simon Lambert is joined by Lisa Caplan, director of Charles Stanley Direct Advice and Guidance. Lisa spends her days helping customers understand how to protect their wealth, make their pension last in retirement and, importantly, enjoy their hard-earned money. She discusses with Simon the questions people are asking right now about pensions and inheritance tax and her answers.

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The world is facing a myriad of Gordian Knots at present — problems so intricate and complex that they need new and very different approaches to solve them. In Greek mythology, it was Alexander the Great who chopped the knot rather than struggling to untie it. If you're facing a raft of complex problems, this episode could help you find novel and creative ways to solve them. So, think of the most challenging things in your life and listen in for inspiration. Maybe Donald Trump should seek Adam Cox's guidance for resolving conflicts across the world, or the UN for dealing with climate change — or Governments across western democracies seeking an answer for intractable debt problems? Image: Wikipedia

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For the 500th show, Steve Caplin takes a look back at some of the highlights of ten years of Gadgets & Gizmos. He covers sprayable sleep, cows imitating zebras to ward off mosquitoes, crows collecting cigarette butts, NFTs, self-parking slippers, KFC chicken-tasting nail polish, the first human head transplant, the Skunklock noxious bike lock, Refrigerdating, the robot dog flamethrower, ant populated gin and how to make pain relief pills 10 times more effective.

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Berkshire’s cash hoard is approaching “Dr. Evil” levels. Tim Beyers and Dylan Lewis discuss Warren Buffett’s message to investors and Berkshire Hathaway shareholders in his annual letter, Berkshire’s growing cash position and what it might say about his view of the investing opportunities out there, and Apple’s $500Bn commitment to its Advanced Manufacturing Fund, AI development, and R&D efforts. Then, 16 minutes in, American's pharmaceutical options for legally treating mental health issues could expand soon. MindMed is testing the effects of LSD on depression and Anxiety, the company’s CEO Rob Barrow talks Ricky Mulvey through his company's work and the future of psychedelics and mental health. Companies discussed: BRK.A, BRK.B, AAPL, MNMD. Host - Dylan Lewis; Guests - Tim Beyers, Rob Barrow, Ricky Mulvey

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James Cameron-Wilson reports on box office -13% but still up on 2024, with ‘Wicked’ becoming last year's most successful film with £59.6m. The musical biopic of Bob Dylan, ‘A Complete Unknown’, with Timothy Chalomet and Edward Norton is the new #1. The tedious and unbelievable ‘Wolf Man’ limps in at #7. James found Netflix's spy thriller ‘Back in Action’, the return from retirement of Cameron Diaz, all very silly and over the top, despite some good stunts. The Oscar nominations were coming out during recording, so James gives his first thoughts on who's in and who's out.

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Warren Buffett sends us into the season to be thankful with his philanthropic acts and his poignant words, and gives us all a place to start the conversation with family about money. Asit Sharma and Dylan Lewis discuss NBC’s negotiations to extend their rights to broadcast rights to the Macy’s Day Parade, and why holiday live events are turning into an arms race, the expectations for Black Friday through Cyber Monday, and two predictions on the direction of consumer spend and who will be driving it in future years, and Warren Buffett’s plans for passing his wealth on to his family and philanthropic efforts, and the words of wisdom we should all have in mind as we get together with loved ones this week. Companies discussed: CMCSA, M, NFLX, AMZN, BRK.A, BRK.B. Host - Dylan Lewis; Guests - Asit Sharma

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The core of the problem with unclaimed, adult-owned Child Trust Funds (of which there are over £2 billion waiting to be claimed) is with accounts opened by HMRC. That's why The Share Foundation has proposed a 'default withdrawal at 21' process, based on the young person's National Insurance number. Danny Kruger MP took part in the CTF conference in Westminster on Tuesday 5th March, and two weeks later in a Westminster Hall CTF debate, and supported this initiative which could release £1/4 billion each year to help these young and predominantly low-income young adults. Background music: 'Waiting' by Andrew Langdon

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The debate on 19th March 2024 was hosted by Sir Jeremy Quin MP to call for the need to simplify family access to Child Trust Funds for disabled young people, and a number of MPs contributed to the debate, including Danny Kruger and Ed Davy. The audio record is provided by Parliament Live, and is an unabridged recording of proceedings, without additional comment. Listeners may notice an adjournment for voting in the House of Commons.

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Welcome to a special episode of The Financial Outlook: the investment section of the Managing My Money course. What's the difference between saving and investment? It's all in the risk. We talk about shares, bonds and funds, and which perform best over the long term. The Managing My Money course has 16 sections in total, and is presented by Glen Goodman and Annie Weston. You can enjoy the whole course, produced in association with the Open University via Share Radio's home page. Here's the link to the slides for this episode: https://www.shareradio.co.uk/help-guides/managing-my-money/supporting-slides/mmm-week-5-episode-10-supporting-slides/

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“The [Child Trust Fund] scheme has been closed to new entrants for over 12 years. In this time HMRC has been focusing resources on evaluating and improving existing schemes. We will continue to keep the need to evaluate old schemes under review.” So said Andrew Griffith MP, Economic Secretary to HM Treasury in reply to a parliamentary question from John Ashworth MP, Shadow Secretary of State for Work and Pensions. But this is not an 'old scheme' — there is currently over £1.7 billion sitting in mature accounts belonging to over 900,000 mainly low-income young adults throughout the UK who don't know anything about their good fortune! Their Child Trust Fund harvest is seeing too little action at present: but it's not too late to get it sorted, and the current focus from the National Audit Office and Public Accounts Committee will certainly help.
Background music: 'Hopeful Freedom' by Asher Fulero

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The huge take-up of ChatGPT over recent weeks has brought the challenge of Artificial Intelligence into sharp relief. As the Chief Executive of its creator, OpenAI, said in one of his blogs, 'Artificial Intelligence will bring unimaginable wealth but, unless something changes, most of us will get none of it. We need a radical solution'. Conventional wisdom sees Universal Basic Income as the way through this dilemma, but this will only bring us more state intermediation and human subservience. We can put forward a better solution, by enabling all to share in the wealth that technology brings and to play their part in its future governance.
Background music: 'Digital Solitude' by Silent Partner

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Jonathan Davis, editor of the Investment Trusts Handbook, tells Simon Rose what makes investment trusts special and why investors should consider their merits. He explains the differences to other types of funds, including the premium and discount. He discusses the yields on alternative assets (including renewable energy and even music royalties) and how trusts can continue paying dividends even in bad years. The handbook, from Harriman House, is available in hardbook or free as an ebook (https://tinyurl.com/mt69fc24).

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It’s the last episode of Answers (but don’t worry, we’re just moving to Motley Fool Money every Tuesday). We’ll reminisce on our biggest lessons learned over the last seven years and answer your questions, some financial, some festive.

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Lord John Lee has become a champion for people investing in the stock market over recent years: he's written three books on investing, he's a patron of ShareSoc, the society for individual shareholders in the United Kingdom, and he's now challenging Government, broadcasters and regulators to encourage a much higher profile for investing in shares on TV and radio. Gavin Oldham meets with John to discuss the background to his initiative and his proposals for change; and they go on to consider how customer share ownership can be expanded, how to encourage more active participation in shareholder voting, and how to improve financial education.
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The Talk by the WealthiHer Network, every month on Share Radio: this month we are here to talk about the secrets of some of UK leading female businesses leaders and their journeys within launching their businesses. Tamara Gillan is joined by Charlotte Bobroff, the executive director at J.P. Morgan who has been incremental with working with female founders from female high-powered businesses. She recently curated an event surrounding female high-powered businesses and she will be discussing her findings. Also, we have the pleasure of Daina Speddings, who is an investor at BGF and will share her perspective on the investment journey.

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Scrooge has made the deal of his life with Chinese investors and must now quickly return to London on Christmas Eve to close the deal. On the flight back, during a fitful sleep, Scrooge confronts his past and present and learns the future consequences of his miserly life to find the true meaning of Christmas. Proscenium Online Theatre is super excited to be bringing you a whole new season of audio dramas in 2022. Starting off with 'The Girl in the Yellow Dress', a dark romance by South African playwright Craig Higginson, and 'Plunder', an original Hong Kong based thriller by American playwright Alan Olejniczak. In the meantime - sit back, close your eyes and enjoy the Proscenium Online Theatre’s production of 'A Christmas Carol'.

https://www.prosceniumonlinetheatre.com

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Join the Sustain:Social panel session on December '21, considering the outlook for investors in the wake of the COP26 in Glasgow. The panel comprises of - Chair: Rodney Hobson Panel: Gervais Williams (Premier Miton Group); Jamie Broderick (Impact Investing Institute); Mohan Gundu (Sustainable Funds Group); Mike Appleby (Liontrust Sustainable Investment team); Gavin Oldham (The Share Foundation / Share Radio).

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Food banks are providing a vital role to help people this winter, and the Trussell Trust supports more than 1,200 throughout the United Kingdom. In this special episode of The Bigger Picture, their Chief Executive Emma Revie briefs supporters about their progress, and their plans for the future. If you would like to support the extraordinary work undertaken by this charity, please visit https://trusselltrust.org

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Imagine a world in which everyone has a stake in the great tech firms that serve them each day, and where dividends are gradually replacing wages to provide regular income for everyone, as work becomes scarcer as a result of automation? Imagine a world where every young person not only has a small inheritance with which to start their adult life, but also the opportunity to build its value by learning life skills? Simon Rose is taking a well-earned break this week, so we’re taking the opportunity to bring you a talk given Gavin Oldham in August to the leading City of London think-tank Z/Yen.

Click link for slides for presentation

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Every child in the UK born between 1 Sept 2002 and 2 Jan 2011 has a Child Trust Fund (CTF). But one child in six has lost contact with the money. Gavin Oldham, Chairman of The Share Foundation – which runs the Junior ISA & Child Trust Fund schemes for children in care for the Department for Education - is trying to re-connect them. He talks through the CTF, how to track an account down, and what a child can and can’t do with the money.

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In a new partnership with publishers Harriman House, Share Radio has produced its first audiobook 'Superinvestors', written by Matthew Partridge and read by some of Share Radio's best known presenters. 'Superinvestors' lays bare the investing secrets of legendary investors - from early 20th-century figures such as Benjamin Graham and John Maynard Keynes, through to more modern names such as Anthony Bolton and Warren Buffett.

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How you can help young people in care prepare for adult life by supporting The Share Foundation’s ‘Stepladder of Achievement’ programme.

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