Q4, 2022

Contents

20

28

36

The Agenda

14 EDITOR’S LETTER

By Edwin Smith

16 READERS’ LETTERS

Our readers share their views

18 DIARY

With biotech and crypto billionaire Christian Angermayer

20 PHILANTHROPY

How Ukrainian influencer Mariya Solodar is helping her homeland

22 SHOT BEFORE DAWN

Photos of Spear’s 500 Live in association with The OWO Residences by Raffles

24 THE HEDGEHOG

News from around the HNW universe, from property renovation to boxing

26 BOOKS

A strident review of Bully Market, Jamie Fiore Higgins’ tale of a culture of misogyny at Goldman Sachs

28 LIQUID LUNCH

Social mobility tsar Katharine Birbalsingh on schools, Boris and more

30 MATTHEW GOODWIN

The enormous challenges facing Liz Truss and the Conservative Party itself

31 ANNAMARIA KOERLING

How investors may have to adapt as many of the world’s major economies head towards recession

32 ROBERT AMSTERDAM

What we can do to protect democracy and public discourse

40

The Briefing 35 Tax

36 PAPER CUTS The Spear’s Tax Survey 2022 reveals

a shift in priorities among the nation’s leading tax experts

40 CALVIN’S CLIMB

With inheritance tax biting hard, broker Calvin Lo tells Robert Jackman about a new kind of life insurance

42 THE PRICE OF FAME

Why non-dom status may simply not be worth the hassle for some people in the public eye

43 A GAAR TOO FAR?

Proposed amendments to the second Economic Crime Bill may be bad news for innocent taxpayers

44 BALANCING ACT

The lawyer who gave up her career to help the rich give their money away