Q1, 2021

Contents

14

24

36

44

The Agenda

3 THE SPEAR’S LEADER

The Singapore model

12 EDITOR’S LETTER

By Edwin Smith

13 READERS’ LETTERS

Our readers’ forthright views on tax, transparency, luxury and more

14 DIARY

Former Financial Times editor Lionel Barber on his days butting antlers with the rich and powerful

16 THE HEDGEHOG

News from around the HNW universe, featuring economic ideas, a major new philanthropist and an Irish challenge

20 BOOKS

A review of The Interest, which shows how Britain has sanitised its history of slavery – plus four more books to read

23 PHILANTHROPY

John Mackenzie, 5th Earl of Cromartie, on the Scottish Mountaineering Trust

24 LIQUID LUNCH

With Oxford epidemiologist Sunetra Gupta, one of the authors of the infamous Great Barrington Declaration

26 MATTHEW GOODWIN

An economic resurgence is coming – but it’s not all good news for higher earners

27 ANNAMARIA KOERLING

Despite tempting opportunities in volatile times, scepticism can be healthy

28 ROBERT AMSTERDAM

It will take years to recover from the damage caused by the US election chaos

29 JASON COWLEY

Nothing will symbolise our recovery more than the return of major sport

The Briefing

31 Our brand-new Briefing section

makes its debut with in-depth analysis of two key areas for HNWs and interviews with key insiders...

32 PROPERTY

The prime central London outlook • How ESG investment is moving into property • Why 2020 was the year to buy a shed • Branded residences’ bright future • The great migration to the countryside is under way

40 REPUTATION MANAGEMENT

What next for libel after Depp? • The creatives honing the image of HNWs • Andy Coulson on Downing Street and learning from mistakes • What to do if someone tries to blackmail you • Why ‘cancel culture’ is a threat that high-profile figures can’t ignore