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