In the City

London’s luxury real estate market appeared to be in a funk of late—and with little hope of improvement given the looming tax shake-up for the super wealthy.

Or so it seemed. An increasing number of US billionaires and multimillionaires have been relocating to the UK, which has changed the landscape, Bloomberg reporter Damian Shepherd joins hosts Francine Lacqua, David Merritt and Allegra Stratton to discuss. 

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Former Trade Representative and Council on Foreign Relations President Michael Froman discusses what the world can expect from Kamala Harris or Donald Trump, and how Harris is breaking from Joe Biden. Hosted by Stephanie Flanders and Adrian Wooldridge. 

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The positive vibes are flowing at the Democratic National Convention, but what about policy proposals? On this special episode of Voternomics, Bloomberg Senior Executive Editor for Economics Stephanie Flanders heads to Chicago to find out how—if at all—a Kamala Harris presidency would alter the US government’s approach to the economy.

Flanders spoke with economist Heather Boushey, a member of President Joe Biden’s Council of Economic Advisors who has previously served as president and chief executive of the Washington Center for Equitable Growth. “What I see,” Boushey said, speaking in her personal capacity, “is the vice president putting together an agenda to make sure that the government is working to build the middle class, to make sure that prices are fair, to make sure that people have economic opportunities.”

Boushey cited price gouging, taxes and housing as three areas where Harris has discussed her economic plans. “We’ve seen challenges in insufficient housing supply. We’ve seen that it just costs too much for families,” said Boushey, adding that Harris has unveiled policies that would increase housing. She also pointed to the vice president’s statements regarding a “robust plan” to expand the child tax credit.

But how will Harris propose that Congress pay for these policies? “She is committed to making sure that we fix the tax system in the US so that it is more fair so that corporations pay their fair share,” Boushey said.

About the series: Each week, listen in as Stephanie Flanders, Bloomberg’s head of government and economics coverage, Allegra Stratton, author of Bloomberg’s The Readout newsletter and Bloomberg Opinion columnist Adrian Wooldridge help make sense of the elections that will affect markets, countries and economies like never before. 

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Economists and policymakers have descended on Jackson Hole, Wyoming, this week for its famous, eponymous economic policy symposium. Among those attending are US Federal Reserve Chair Jerome Powell and Bank of England Governor Andrew Bailey. On this week’s episode of In the City, senior reporter Phil Aldrick joins hosts Francine Lacqua and Allegra Stratton to discuss what signals the two men might send on monetary policy plans for the US and UK.

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Reality TV stars are freezing their eggs on camera. Lawmakers in DC are debating federal protection for IVF. Hundreds of millions of dollars are being invested in slick startups that market fertility treatments for all. But this rapid growth has revealed cracks in the system. Misconception, a new series from Bloomberg’s Prognosis, follows reporter Kristen V. Brown on her own intimate journey as she uncovers the business of fertility. Along the way, she finds a fractured industry — a profit-driven field of medicine that thrives on dueling messages of hope and fear as people gamble everything for a chance at a baby.

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The aftermath of far-right violence in the UK has triggered some soul searching on the part of social media giants. Google EMEA President Matt Brittin says inflammatory online rhetoric and misinformation like that which followed the stabbing deaths of three young girls requires greater scrutiny. 

Brittin joins Francine Lacqua on this episode of In the City. He also discusses what he considers the UK’s emerging advantage in the region following Labour’s landslide victory, and AI's role in the productivity question. 

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As part of our summer reading series, Allegra Stratton sits down with Tim Marshall to discuss his new book, The Future of Geography: How The Competition In Space Will Change Our World. 

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This summer, we bring you the Voternomics Summer Reading List. First up, a conversation between Stephanie Flanders and author and journalist Anne Applebaum about her latest book Autocracy, Inc: The Dictators Who Want to Run The World. 

She says a network of dictators from China to Venezuela could be the beneficiaries of a welcoming White House should Donald Trump win the US election come November and warns that the self-proclaimed dealmaker and convicted felon’s foreign policy may be more personal and even less predictable in a second term. 

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Next up on the Summer Reading List, Fareed Zakaria, host of the CNN program GPS, discusses his new book, Age of Revolutions.

Zakaria contends the world is experiencing a backlash to globalization similar to one in the 1920s. This dynamic is made all the more stark by Trump’s transformation of the Republican Party into an anti-immigrant, trade-skeptic entity, he says. 

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On this week’s episode of In the City, Catherine Ashton, the former high representative for European Union foreign policy and EU Commission first vice president, joins to discuss the international challenges faced by Prime Minister Keir Starmer’s government and the importance of Britain’s determination to be more present on the global stage. 

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