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Impact humans have on biodiversity is catastrophic

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Banker all-nighters create productivity paradox

In regard to Andrew Anderson’s contention that there is “no planetary crisis” (“Earth can live without us, just as it did for millennia”, Letters, October 22), it is not so much that the earth could survive perfectly well in the future without us, as much as the catastrophic impact we are having, and will have had, on its biodiversity by then.

We share the earth with other life forms that will not survive because of our brief span here. I believe a sixth mass extinction driven by human activity could be considered a planetary crisis.

Paul Littlewood
St Albans, Hertfordshire, UK

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Beijing uneasy with North Korean troops in Russia

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Even before Kim Jong Un sent troops to support Russia’s fight against Ukraine, there were signs that North Korea’s main backer, China, was unhappy with his regime’s deepening ties with Moscow.

In a letter last week seen as signalling Beijing’s growing displeasure, Chinese President Xi Jinping thanked Kim for a congratulatory message on the 75th anniversary of Communist China’s founding — but omitted a traditional reference to North Korea as a “friendly neighbouring country”.

Kim appears unabashed. Western allies this week revealed that North Korea had sent more than 12,000 troops, disguised as ethnic minorities from Siberia, to fight on Russia’s front lines, a move that analysts say will only heighten Beijing’s concerns over its neighbours’ increasingly cosy military ties.

“The North Korean troop deployment is a dramatic step, and China will not like it one bit,” said Andrei Lankov, a North Korea expert at Kookmin University in Seoul.

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For China, the deployment — a sharp escalation in a partnership that has deepened since Moscow’s full-scale invasion of Ukraine in 2022 but was previously largely limited to munitions — threatens to destabilise the delicate balance of power on the Korean peninsula.

Closer Russian-North Korean ties could also spur the US, Japan and South Korea to strengthen their military alliance in east Asia, which Beijing already views as aimed at containing its growing power.

Beijing wants to avoid at all costs a rerun of the early years of the cold war, when the Soviet Union, North Korea and China formed a “northern triangle” that faced off against a “southern triangle” of South Korea, Japan and the US, Chinese scholars said.

“China’s situation now is really difficult, genuinely a dilemma,” said Zhu Feng, executive dean of the School of International Studies at Nanjing University. “On the one hand, we don’t want to see the return of the cold war to east Asia. On the other hand, the US is trying to strengthen solidarity with South Korea and Japan.”

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Japan’s chief cabinet secretary Yoshimasa Hayashi on Friday said that escalating Russian-North Korean co-operation was “deeply concerning” and would “worsen the situation in Ukraine and impact the security of the region around Japan”.

China’s wariness has been evident since April, when it sent one of its most senior officials, Zhao Leji, to Pyongyang. While the two sides did not reveal details of the talks, analysts said Beijing was unhappy about the prospect of losing influence over North Korea, which it sees as a crucial buffer state against US-backed South Korea. 

In June, Kim went further, agreeing a strategic partnership with Putin that contained a mutual assistance clause in cases of aggression against one of the signatories — a move that was of deep concern to China.

The following month, the Chinese ambassador to North Korea did not attend July anniversary commemorations in Pyongyang marking the end of the Korean war, despite the two countries marking 75 years of diplomatic relations this year.

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China’s foreign affairs ministry on Thursday said Beijing was “not aware of the relevant situation” when asked about Pyongyang’s decision to send troops.

China’s concerns include becoming potentially embroiled in the conflict itself if North Korean troops’ involvement in the fight against Ukraine made the Asian country — Beijing’s only military alliance partner — a legitimate target for Kyiv, said Shen Dingli, a Shanghai-based international relations professor.

“China has a treaty-bound obligation to defend North Korea,” said Shen. “If North Korea is attacked, China is legally bound to send its troops and [if necessary] to use all means to protect North Korea.”

Some defence analysts have raised concerns that North Korea’s contribution to Russia’s war effort could mean Pyongyang has secured a reciprocal commitment from Moscow to intervene in a conflict on the Korean peninsula — a prospect that would alarm Beijing.

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But Lankov said such a possibility remained “extremely remote”.

“The North Koreans are doing this for money, military technologies and battlefield experience, not out of any sense of solidarity with Russia,” he said. “Russia is not going to get themselves into trouble just out of gratitude to Kim Jong Un.”

China is also worried about Russia helping North Korea improve its nuclear capabilities, which could accelerate an arms race in the region, said Chen Qi at the Institute of International Relations at Tsinghua University in Beijing. Kim visited Russia’s Vostochny Cosmodrome, the country’s most advanced space rocket launch site, last year.

But Chen was sceptical Russia would prioritise its relations with North Korea over those with China, on which Moscow has relied for economic and geopolitical support since its full-scale invasion of Ukraine.

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Some analysts said Beijing might be tolerating North Korean arms shipments to Russia to alleviate pressure to provide direct military assistance itself.

Jaewoo Choo, head of the China centre at the Korea Research Institute for National Security think-tank in Seoul, said “Beijing may actually be secretly pleased that Russia is providing economic aid to North Korea in China’s place”, at a time when China’s own domestic growth was lagging.

“China remains in the driving seat because ultimately it has control over both countries,” said Lankov, referring to Pyongyang’s reliance on aid from Beijing. “If China wanted to put a stop to this nonsense as they see it, then they could do so.”

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Additional reporting by Leo Lewis in Tokyo

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How income tax freeze could hit YOUR state pension revealed

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Warning for thousands of pensioners who could lose out on benefits due to pension credit rule loophole

WITH just days to go until Chancellor Rachel Reeves’ first budget – we look at how some state pensioners could end up paying tax and how to avoid it. 

One move the Labour government have been rumoured to be considering is an extension on freezing income tax thresholds. 

Retirees could end up paying tax on their state pension

1

Retirees could end up paying tax on their state pensionCredit: Getty

These determine how much you can earn before paying basic, higher, or additional rate tax.

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The Personal Allowance – the amount you can earn before you start paying income tax – has been set at £12,570 since 2021. 

It is meant to remain frozen until 2028, but the rumour is that Rachel Reeves could continue the freeze to 2030 or beyond.

Freezing tax thresholds – the point where you start paying higher rates of income tax are also frozen – is a stealth move that’s making us all pay more.

Read more on the state pension

As wages rise, more of us are being dragged into higher tax bands.

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A study by the London School of Economics found that by the 2027/8 tax year, the average person will hand over 13.6% of their income to the taxman, up from 11.6% in 2021/2 – all thanks to static tax thresholds.

It’s not just workers feeling the pinch. Pensioners are getting hit too, with the unmoving thresholds affecting their finances as well. 

Your pension – including the state pension – isn’t exempt from income tax.

However, up until now, most pensioners have avoided paying it, thanks to the Personal Allowance shielding their income.  

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“Frozen tax thresholds are stealthily pushing up our tax bills and we face the very real prospect that in the coming years someone solely reliant on the state pension will have to pay tax on it,” says Helen Morrissey, head of retirement analysis at Hargreaves Lansdown.

What Does My Tax Code Mean? A Simple Guide to Your HMRC Letter

Thanks to the Triple Lock the state pension rises every year – it’s set to go up by 4.1% next April.

The Triple Lock guarantees that your state pension increases annually by whichever is higher: average wage growth, inflation or 2.5%.

It is a generous safeguard, boosting the full state pension from £9,339.20 in 2021 to £12,016.75 from April 2025.

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But this could lead to a collision with the Personal Allowance, which is frozen at £12,570, just a few hundred pounds above the state pension. 

How does the state pension work?

AT the moment the current state pension is paid to both men and women from age 66 – but it’s due to rise to 67 by 2028 and 68 by 2046.

The state pension is a recurring payment from the government most Brits start getting when they reach State Pension age.

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But not everyone gets the same amount, and you are awarded depending on your National Insurance record.

For most pensioners, it forms only part of their retirement income, as they could have other pots from a workplace pension, earning and savings. 

The new state pension is based on people’s National Insurance records.

Workers must have 35 qualifying years of National Insurance to get the maximum amount of the new state pension.

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You earn National Insurance qualifying years through work, or by getting credits, for instance when you are looking after children and claiming child benefit.

If you have gaps, you can top up your record by paying in voluntary National Insurance contributions. 

To get the old, full basic state pension, you will need 30 years of contributions or credits. 

You will need at least 10 years on your NI record to get any state pension. 

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If the Triple Lock triggers a rise of 4.6% or more in April 2026 anyone receiving the full state pension will be liable to pay income tax on it. 

With pension increases of 10.1% in 2023 and 6.7% in 2024, it’s highly likely the state pension could exceed the Personal Allowance soon.

“Rachel Reeves’ decision to brutally scale back the Winter Fuel Payment will see millions of pensioners taking a hit of up to £300 later this year,” says Tom Selby, director of public policy at AJ Bell. 

“There could, however, be a silver lining coming in April 2025 in the form of a bumper state pension boost linked to average earnings growth figures.

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Although even this could come with a catch.

“While the personal allowance remains frozen, more and more people are going to be dragged over the threshold, with millions of retirees just receiving state income at risk of being dragged into paying income tax.”

The idea of paying tax on a state benefit might sound crazy, but that’s exactly where we’re heading. 

One option could be for the government to introduce a pensioner tax allowance – something the Conservatives dubbed the ‘Triple Lock Plus’ before the election.

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This would keep the state pension below the tax-free threshold. 

But Labour wasn’t having it at the time, calling the plan not ‘credible’.

Even if the government finds a way to shield the state pension from income tax, frozen thresholds will still drag millions of pensioners into paying tax during retirement.

Just a small private pension could be enough to push them over the Personal Allowance. 

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“The triple lock may increase state pensions, but with tax thresholds frozen, many will find themselves paying taxes on what should be a lifeline during retirement,” says Jon Greer, head of retirement policy at Quilter. 

“For those with a combination of state and private pensions, the hit will be felt even sooner, eroding their incomes at a time when financial security is crucial.

“Compounding this pressure, Reeves’ decision to axe the Winter Fuel Payment adds salt to the wound.

“Together, these policies threaten to squeeze pensioners from all sides.”

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If you are worried about paying income tax on your pension, there are steps you can take to reduce what you owe. 

Right now, most people who rely solely on the state pension for their retirement don’t pay any tax.

But if you’ve got the state pension and other sources of income in retirement you may face a bill from HMRC.

“Pensioners looking to manage their tax bills should plan their incomes carefully,” says Morrissey.

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One trick is to make the most of your tax-free lump sum. 

Most of us can take 25% of our private or workplace pensions tax-free, but you don’t have to grab it all at once.

You can take a small amount each year to top up your income, letting you take less from your taxable pension. 

For example, if you need £15,000 a year to live on, and you’ve got the full state pension plus £60,000 in your private pension, here’s a trick. 

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After your state pension, you still need £3,500 a year.

Since you can take £15,000 of your pension tax-free, you could take £1,000 as income from your pension and £2,500 from your tax-free lump sum. 

This way, you’ve got the cash you need, without handing any of it to the taxman.

Another option is to boost your pension income without a tax bill by dipping into your savings.

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“Any money taken from an ISA is tax free so this could prove handy in keeping those bills down,” says Morrissey. 

You can use your savings just like the tax-free lump sum, reducing how much you need from your private pension and keeping your taxable income lower. 

But in the end, the Government needs to face up to the fact that we’re heading toward a crazy situation where pensioners are taxed on their state pension – and they need to act before it’s too late. 

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

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Thames Water thrown cash lifeline to survive into 2025

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Thames Water thrown cash lifeline to survive into 2025

Thames Water has been thrown a cash lifeline that will tide the troubled utility giant over until October next year.

The UK’s biggest water group has secured a loan of up to £3bn following fears that it would run out of funding by Christmas.

People close to the deal said it was signed on Thursday evening and shows there is confidence that new and existing investors can reach an agreement to secure the company’s future.

Thames Water’s huge debts have led to speculation it could be taken over by the government, although this would not affect any supplies.

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Meanwhile, Thames Water’s 16 million customers are facing a steep rise in bills.

In July, the company had told water regulator Ofwat that it wanted to increase annual bills by 23% between 2025 and 2030.

Since then, Thames has said it needed to raise them by 59%.

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FS… full of BS? The Wellesley Grove Journal

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FS... full of BS? The Wellesley Grove Journal

Such a slay

Competition was tough in the ‘Best selfie’ competition at the Money Marketing Awards this year.

Amid a swathe of strong entries, mortgage and protection adviser Sheun Oke scooped the prize for her slay selfie — very demure.

This did, of course, leave many disappointed. But fear not, Greg Moss and Tom Ham — there is always next year for you to up your rizz.

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FS… full of BS?

Hosting the MM Awards this year was comedian Lucy Porter, who did such a fantastic job of pointing out how full of acronyms this industry is, we wanted to highlight it here….

“I wanted to find out more about you, so I asked Tom and his lovely team, and they said that these are the Money Marketing Awards, or the MMAs.

“They said that, in the room tonight, we might have CEOs, CFOs, MDs and VPs from companies like CCLA, HSBC, HL, AJ Bell and M&G.

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“They said some of you might be members of the PFS, the CII or the CISI. They said you might have MCSI after your name, or be a proud owner of a DipFa or RQF Level 4 diploma.

“They said you might be responsible for overseeing your company’s ESG framework, CSR policies, DNI initiatives, maybe even GDPR compliance.

“They said you’re probably interested in how developments such as new AI models, like ChatGPT, will affect your industry. And they said, whoever you are, you’ve got to hit your KPIs, get a good ROI for investors, all as the FCA breathes down your neck.

“And obviously, like the rest of us, you’re probably wondering whether HMG and the BoE are doing enough about inflation on the RPI, while also hoping everything’s going to be A-OK with the UK’s GDP now that GB said TTF ends with the EU.

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“And, at that point, I just thought, ‘OMG, WTF, LOL — your industry’s full of BS.’”


Out of context

‘Soon to be known as Jsn Wndsr’

Money Marketing reader Tony Faraday takes the opportunity to poke fun at e-less Abrdn as it hires a new CEO.

‘I’ve just been reading a wealth manager’s brochure and it highlighted how their fee structure was simple and transparent — but it didn’t disclose what the fees were’

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IFA Robert Lewis points out a prime example of disingenuousness.

‘The job search continues. I gave up being dressed as a balloon at a theme park after I found some angry customers really upsetting. They had a right pop at me’

Writer Simon Read can always be relied upon for top dad jokes.

‘One common mistake I see people make with their money is that they spend it all. Follow me for more financial insights’

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Obvious but valid perception from adviser Douglas Boneparth.


This article featured in the October 2024 edition of Money Marketing

If you would like to subscribe to the monthly magazine, please click here.

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Garuda Indonesia and Vietnam Airlines to expand partnership

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Garuda Indonesia and Vietnam Airlines to expand partnership

The SkyTeam members have agreed a new MoU to deepen codeshare cooperation and more

Continue reading Garuda Indonesia and Vietnam Airlines to expand partnership at Business Traveller.

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Halloween Chat — ‘Beetlejuice’ and the lost art of soft horror  

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This is an audio transcript of the Life and Art from FT Weekend podcast episode: ‘Halloween Chat: ‘Beetlejuice’ and the lost art of soft horror’

Lilah Raptopoulos
Welcome to Life in Art from FT Weekend. I’m Lilah Raptopoulos, and this is our Friday chat show. Today, to celebrate Halloween season, we have decided to return to a classic that’s recently been revived and lives forever in the public imagination: the original 1988 film Beetlejuice. Beetlejuice was directed, of course, by Tim Burton. It stars a young Alec Baldwin and Geena Davis, who play a married couple living in the countryside who die in a car accident and quickly realise that they’ve become ghosts. And a family from the big city has bought and moved into their home. Their job is to scare the family away and they contact an unhinged demon named Beetlejuice to help, played by Michael Keaton. High jinks ensue.

[‘BEETLEJUICE’ TRAILER PLAYING]

Lilah Raptopoulos
Beetlejuice is a cult classic. It’s a Halloween costume staple. It’s been remade as an animated series, a theme park ride, a musical, and as of last month, a legacy sequel, Beetlejuice Beetlejuice. And today, we’re going to talk about why it endured and whether films like it even exist any more.

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OK, let’s turn on the juice and see what shakes loose. I’m Lilah in New York, and I am alone. I am utterly alone. Joining me from London is the FT’s political columnist, resident film buff and our favourite bio exorcist — I have been told to see what happens if I say his name three times — Stephen Bush, Stephen Bush, Stephen Bush. Hi, Stephen. Welcome.

Stephen Bush
Hi.

Lilah Raptopoulos
With me in New York, his qualifications are, I’m doing the whole thing: he attended Juilliard, he’s a graduate of the Harvard Business School, he’s travelled quite extensively, he lived through the Black Plague, and he had a pretty good time during that. It’s our executive producer, a horror expert, a huge Halloween fan: Topher Forhecz. 

Topher Forhecz
Hi, happy to be here. I will take horror expert, among my many titles.

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Lilah Raptopoulos
I think. As one of the few people who I have watched horror films for.

OK. So when we were deciding how to celebrate Halloween season, I lobbied hard for this, the original Beetlejuice, because it’s just this cult classic that keeps reappearing in the culture. And I wanted to rewatch it. It was, for all of us, a rewatch, not a first-time watch. So why don’t we start with this? Stephen, what is your relationship to the film and what was it like to rewatch it?

Stephen Bush
Yeah. It was odd one watching it again. I was sort of goth-adjacent as a teenager, I guess. I never sort of committed to the style, but I, you know, I loved all of that stuff. And it’s one of those . . . and then I realised it’s a film that I thought I had a stronger set of memories of than I did. And I realise it’s a film which I primarily remember as an aesthetic, as a kind of costume party staple, rather than it being a film which I had any strong memories of. And it was slightly strange. Watching it again had an oddly dreamlike quality because I realised I remembered the images of it much more strongly than the plot.

Lilah Raptopoulos
Yes, me too.

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Stephen Bush
And . . . actually, the thing I found a bit odd about it was realising I don’t think it’s that good.

Lilah Raptopoulos
Whoa.

Topher Forhecz
I just gave up my ghost.

Stephen Bush
It was a real kind of . . . oh, maybe, actually it slightly made me increase my . . . not so much my opinion of the sequel, but it did slightly give me that feeling of, oh was the first one good or was I just 15 and watching it at a house party at the time? It’s . . . I mean, in some ways it’s — as with a lot of Tim Burton’s stuff — it’s a great artist’s film rather than actually being a great film, I think.

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Lilah Raptopoulos
OK. What was it like for you to rewatch it, Topher?

Topher Forhecz
So I dearly loved this movie. And part of the thing is that I have now reached the age where you can safely grow up with a movie and I can have different experiences of it by viewing it at different times in my life. And so I think I can’t really escape that. Like, I can’t really escape the, like, sense memory of the Danny Elfman score and the long credits. And just like what that does, the chemicals in my brain just like brings me back to my childhood.

But I think the thing that I really picked up on this time is just the density of the plot and how quickly it moves mirrored with the density of jokes in the . . . they’re just like it’s constantly firing things at you and it moves in like a 90-minute pace. And there’s stuff in there that I think as an adult you pick up on in ways that you don’t as a kid. I just think it’s a movie that is so dense that it rewards multiple viewing experiences and then you bring things to it as you get older, including, unfortunately for my case, being a jaded New Yorker and like this movie is a movie about jaded New Yorkers. 

Lilah Raptopoulos
Yeah. Who leave New York. 

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Topher Forhecz
You know, and can’t and are like not fazed by a bunch of ghosts because they’ve seen too many weird things on the subway, you know? And so they’re like, huh. OK, how can we make money off it? You know, or like Charles just wanting peace and quiet in the country and then immediately is like, trying to, like, turn the whole town on its head. And like, I feel personally attacked by that as someone who will, like, go upstate and just be like, so nice to get out of the city. But what did you think?

Lilah Raptopoulos
Well, I guess I would like to state the obvious, which is that this movie is just a total delight to watch. It’s just fun. It’s an early Tim Burton, and so it has all the things you would expect from a Tim Burton. But it was at the time people didn’t know him, so they didn’t expect it, which was probably exciting. There is claymation, there is an in-between sandworm world inspired by Salvador Dalí, there are shrunken heads. This ghost couple, the Maitlands, can pull their faces out into insane-looking shapes. The costumes are incredible. Beetlejuice’s striped suit is iconic. Catherine O’Hara is the perfect evil stepmother. It’s just great. It’s like funny, it’s gross, it’s kind of mundane too. It makes death seem not scary, but sort of mundane. So anyway, all of that is a total joy.

I will say that like Stephen, I actually also this film, I realised as I was watching it existed almost like exclusively in my unconscious. I know I watched it as a child. I didn’t remember almost any of the plot. But then occasionally a scene would come up, like when they first meet Beetlejuice, it’s about 45 minutes in and he says, hold that for me, will yah? And he takes a mouse out of his pocket and he gives it to Geena Davis and she freaks out. And in that moment, just it all came flooding back to me. I felt like I was five again. So my rewatch was a total joy. But Stephen, why didn’t you like it? I’m dying to hear why you didn’t like it.

Stephen Bush
I think it’s partly the . . . both my reaction to it and the sequel are reminders of the perils of going back to something that you haven’t watched for a very long time. Because where I think it really works is as an intelligent children’s movie, right? It has loads of great jokes with watching adults. And one of the things Catherine O’Hara is really skilful in it, she does a good job of kind of double acting. She sort of works as a kind of grotesque figure for children, while doing a lot of the more subtle jokes about someone from the city who’s done that — to me, the most horrific act of all — which is to leave the city.

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Lilah Raptopoulos
I agree, Stephen.

Stephen Bush
The bit I’d completely forgotten is how much it’s a movie about the Maitlands. And actually in an odd way, I almost this time around or do you know what I would actually much rather watch a movie about like these two people who are young and in love, who then suddenly are stuck in this house together, they think forever. I was just like, oh, but actually, this is a really interesting idea, isn’t it? And this is, god, I have become one of those angry bros who downright stings on Rotten Tomatoes. Essentially, I realise my problem is is that I watch a children’s movie and I’m aggrieved that it was for kids.

Lilah Raptopoulos
Interesting. Yeah. It’s almost like you wanted the movie to grow up with you.

[‘BEETLEJUICE’ MUSICAL SCORE PLAYING]

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Lilah Raptopoulos
I want to get a little bit deeper into why this film, you know, like stuck so stubbornly in our cultural imagination for so long. Like, again, the symbol is powerful of this guy in the striped suit and the crazy hair, I guess. What about it made it unique at the time. What about it sort of allowed it to be iconic over time? What do you think it is?

Topher Forhecz
Yeah. I think for me, I think what made it stand apart, and I think it is kind of interesting to bounce . . . I, you know, sort of going off of what Stephen saying about it is kind of just a kid’s movie and or a theme or, you know, being that edgy. Is that a fair characteristic, Stephen?

Stephen Bush
Yeah. (inaudible)

Topher Forhecz
OK, great. I think the thing that has really helped the movie live on is that there is a lot of craft still devoted to the movie, which is kind of what I was saying about the density of jokes where it’s like every little bit of the movie has been considered. From, you know, like this weird comb art piece sculpture is almost a character in the movie. Like you see it so vividly. The set design has been very considered. The underworld, the rules of the underworld are all very considered. There’s so much craft and attention to detail that I think that has really helped stick Beetlejuice in the public consciousness, and I think that’s really helped it carry on.

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Lilah Raptopoulos
Yeah, there are a lot of just like iconic visuals. There’s Catherine O’Hara’s lightning bolt sideburns. There’s, you know, Winona Ryder’s spiky tooth bangs. There’s also this classic dinner-party scene that really held up perfectly. It was, you know, the ghosts are messing with this dinner party that this horrible couple has put on to try to scare the family away. And to do that, they, like, possess or take control over the dinner guests. So they turn the whole party into puppets who are forced to do the Calypso and forced them to start singing and performing Harry Belafonte’s “Day-O”. And then their shrimp cocktail reaches out like arms and sucks them into the bowls. And it just really scratched the itch for me. Stephen, what do you think about it sort of made it memorable over time?

Stephen Bush
I think it’s a couple of things. I think particularly the thing about Beetlejuice is because it is, yeah, a film in which a director with a very distinct visual sensibility is able to produce this film that is very distinctly his, but where actually in some quite good ways it is a tight 90 minutes. You know, for all I said, I thought I wasn’t sure was actually that good. It’s tight. It doesn’t have long scenes where you’re going, come on, Tim, wrap it up.

And then I think the other reason why it endures is that the average child who watches it then did graduate to Edward Scissorhands, to the rest of Tim Burton’s oeuvre. And so it’s a film which I think for lots of people is the beginning of their relationship with films, with horror, also with the idea of a film having an author. And I think that’s one of the reasons why it has a kind of enduring resonance. In addition to the fact that, yeah, I’m going to slightly recant my opening of the podcast, in this, in fact is ultimately just a solid children’s flick that goes in lots of unexpected ways.

The thing I realised watching it is and the film The Others, which is a horror film from the mid-noughties, is actually, when you think about it, a beat-for-beat remake, but played straight. And it does lots of really clever things. It plays with lots of genres. And the first time you watched it, you don’t realise it’s playing with lots of genres. And it then has, and obviously this particularly appeals to small children, then has this kind of, you know, loud, scatological character who, yes, is only in it for a very brief amount of time. But when he’s in it, is magnetic.

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[‘BEETLEJUICE’ MUSICAL SCORE PLAYING]

Lilah Raptopoulos
So I wanted to switch gears a little bit and talk about children’s movies today. I asked you both to watch Beetlejuice, the original. But we also all saw the sequel that came out this fall, Beetlejuice Beetlejuice. And I think the comparison is pretty interesting because it does have all the fun weirdness of Tim Burton, and it’s also a delight to watch. But it was also just . . . I mean, in my opinion, it was doing so much, it felt like Beetlejuice on steroids, like there were maybe two too many plot lines. It was almost like a Marvel movie, like we were on the run. It was chaotic. I just really wanted them to slow down and trust that we had attention spans.

Topher Forhecz
Yeah, yeah. I mean, I do. I think there’s a couple of things going on there. One of which is I feel like Beetlejuice Beetlejuice really isn’t a kid’s movie and it feels like it’s made for the people who have seen Beetlejuice. And also I feel like that plays on its like themes of, you know, generations of women looking out for each other and trying to reconcile with one another, which I also think kind of fell apart in the middle of it. But I also that is indicative of what you’re saying, which is, yeah, that movie is just a straight-up mess. But . . . 

Lilah Raptopoulos
Fun mess.

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Lilah Raptopoulos
Yeah. Well, that’s the thing. Like, it’s nice to see Tim Burton again. I feel like I haven’t seen Tim Burton in 20 years because he’s just . . . I just feel like he’s just been pumping out things that he really . . . it’s hard to find him in it. And you could see him actually being concerned with the jokes in that movie as opposed to, you know, I feel like he almost felt like just at some point he woke up and he’s like, well, I guess I just have to do Alice in Wonderland because I’m Tim Burton, I’m weird and like, we’re just going to have to do it.

So it was it was a nice return to form, but I think it does give way to you can tell as a filmmaker, Tim Burton is more interested with punch lines themselves. He’s really good at those, but I don’t think he’s a story guy. Like I just . . . I think my favourite movies of his, I haven’t seen Ed Wood, full disclosure, and I know that’s a lot of people’s favourites, but I love Mars Attacks, I love Batman Returns, I love Beetlejuice, I love Batman. But a lot of those movies, arguably their scripts are total messes, but they’re just a lot of fun to hang out in. So and I think that’s more what Beetlejuice 2 felt like to me.

Stephen Bush
Yeah, I mean, I think . . . I’m going to be incredibly pretentious, I think, or as David Foster Wallace once said, all stylists often become prisoners of their own style. And I think the thing about Beetlejuice is, it is, is Tim Burton, a long time ago became a prisoner of his own style. And I suspect one of the reasons why I was slightly . . . why I have this kind of slight weird relationship rewatching Beetlejuice where I realised I most enjoyed it when it was the least like a Tim Burton film, which isn’t because the Tim Burton film bits of Beetlejuice don’t work. It’s because I’ve seen too many bad late-period Tim Burton films. It’s one of the biggest mistakes I made in lockdown was to rewatch a lot of Wes Anderson films in a very short space of time. And it made me start to hate some of the later ones. Not because they were any worse, but just because I was tired of the style.

The sad thing about looking back at the original Beetlejuice is it’s a film without a successful book behind it, or pre-existing IP or a directorial name where nonetheless, this relatively neophyte director is allowed to do quite a lot but clearly is being restrained a bit. Beetlejuice Beetlejuice is a film which kind of leans into lots of his weaknesses. And if, like me, you’ve started to find his style a bit like, OK, yeah. There’s a thing with weird eyes. OK cool. Then it becomes quite wearying quite quickly.

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Topher Forhecz
Yeah.

Lilah Raptopoulos
Yeah, yeah, yeah. So do you think that a movie like Beetlejuice could be made today? It feels like we’ve been circling this idea that kids’ films today aren’t the same. And from my perspective, Beetlejuice was cool because it kind of made weird mainstream. It was accessible, but it was weird. And that feels sort of missing now, and I’m not sure why. I felt like there were a lot of films at the time that were spooky but soft. There was Hocus Pocus, there was The Witches, there was Death Becomes Her. That’s missing now.

You know, these days, like, scary movies feel laboured to me or they feel stylised or they feel like really made for the internet, like Megan or Cocaine Bear or the A24 movies. They’re not playful, you know. I don’t know if that’s because family-friendly soft horror, like, it’s kind of gone as a genre. I don’t know if it’s because TV has taken that over, like it’s just made a bunch of spooky things for teens on Netflix like the show Wednesday. What is it? What do you think it is?

Stephen Bush
Well, it is partly about the market change, right? The family film has slightly disappeared slash the only available family film are Marvel movies, and even they seem to be in some slight commercial trouble. That kind of like sort of fun horror, then? Yeah. Broadly speaking, everyone, even someone who’s watching Beetlejuice for the first time, knows that Lydia is never actually going to be forced to marry Beetlejuice. Right? And OK, there are some children who do find Beetlejuice scary, right? But there’s a cosiness to it.

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That kind of cosy horror doesn’t exist any more, really. And I suspect it is because fewer and fewer films are made for the whole family. Right? And actually, when I think about, you know, even so, even say like Inside Out 2, which is a very good bit of children’s entertainment, which has some, you know, I would say some probably profound things to say about the human condition. Right? So it’s not scary. It’s not really trying to be. It’s not got a kind of anarchic feel to it because ultimately it’s not built for, because it doesn’t need to be, a family of four of three different ages all sitting in a multiplex watching it together. And that is a slightly sad thing about, you know, things becoming more siloed.

Lilah Raptopoulos
Mm-hmm. What do you think, Topher? You’re looking with a furrowed brow.

Topher Forhecz
I think it does come down to box office and what is going to get people in seats. And this isn’t really a clever or original answer but, you know, you see a lot more sequels these days. I think there is a tendency by studios to play it safe, to not take flyers on anything that might scare away families or be too much. And that creates sort of a tampering down of creative risk. You know, Beetlejuice is a movie that has neck wounds and cuts and people flattened and eaten by sharks, and there’s a club scene for some reason. And I just think there is sort of a weird crisis within the box office where they don’t want to take a risk on that.

You know, movies are too expensive these days. I think probably the closest thing that we’ve had recently is sort of in the claymation space with, you know, things like Coraline maybe. But yeah, I think that there is a lack of interest on the studio’s part to want to devote a bunch of money to something that might be too off-putting or too spooky or too much for kids. That being said, horror is doing great, at least in general. I mean, Terrifier 3 is like one of the best performing movies in America.

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Lilah Raptopoulos
So then I guess my question about that revolves around this feeling that there actually is a lot of desire for this, like, soft horror. I asked our listeners on Instagram, just like what their favourite horror or favourite Halloween movies are. And they were all like, I mean, this might be because they’re my listeners, but a lot of them were like Practical Magic and Sleepy Hollow and Hocus Pocus and Scream and, you know, movies that were like kind of scary but also kind of not scary. And so it seems like there’s this appetite for it. There’s obviously this appetite for straight-up scary right now, otherwise they wouldn’t be made. I guess I’m trying to sort of figure out why.

Topher Forhecz
Horror fans will show up to the box office. But maybe from a studio perspective, it’s better to just turn it into a limited series on TV because you don’t know if the kids like young children will show up in a way that they already have Disney+ at home so they can just watch Hocus Pocus 2 there.

Stephen Bush
I think there are two things. I think one, there is a more broad infantilisation of children and teens. And there are, you know, there are a whole bunch of sort of further restrictions on what young people can do. And I suspect that slightly bleeds down into a kind of expectation, although this is the thing that things like Hocus Pocus and Beetlejuice are and The Witches are all doing is they are pushing at the limit of, is this too scary for kids?

And we’re clearly in a cultural moment where the commercial returns of cosy horror are not guaranteed, but the backlash of, oh, you’ve made something too scary for kids, feels larger and something that you’ve got to be more worried about. And I think those two things are linked. But I do not you know, I . . . one of my many terrible habits is a habit of stalking strangers’ letterbox choices. And I am fascinated by the phenomena of people who are clearly going to films with their partner where you get the one person who is basically one-star, I hate horror, and then the other person making like one-star, I hate romcoms.

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It’s like, guys, you know, you don’t have to go together. But I think there is this time for this kind of unmet desire for that kind of child, you know, child-friendly, therefore kind of by definition a more upbeat, slightly more of a moral centre form of horror, where you know, than actually, broadly speaking, you know, goodwill prevail and only really terrible characters will actually meet some kind of violent end. Of a kind which just is currently being squeezed out both commercially and culturally.

Lilah Raptopoulos
Yeah, yeah, yeah.

Topher Forhecz
I feel like the main takeaway that always comes across when we all gather on this show is just studios need to be braver.

Lilah Raptopoulos
Yeah, yeah. All right. Stephen, Topher, thank you so much. We will be back in just a moment for More or Less.

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[‘SWAMP NOTES’ PODCAST AD PLAYING]

Lilah Raptopoulos
Welcome back for More or Less, where each guest says one thing they want to see more of or less of in culture. This week we are hijacking More or Less so each person can go into detail, making the case for their favourite Halloween movie. I put a call out for listeners on my Instagram about this so I’ll shout out some of those too later. But first, Stephen, what’s yours?

Stephen Bush
This is a controversial pick because I’m going to pick what’s actually has its name on the title. It’s not really a Tim Burton film, The Nightmare Before Christmas. Now, some people would go, wait a second, it’s a Christmas film. But it’s a film about how the inhabitants of Halloweentown try and put on their own version of Christmas with macabre consequences. But I think it’s really it’s a film that you can watch from any time from the start of October until Christmas Eve. It’s a Halloween and it’s a Christmas film. But I think it’s a brilliant example, I think, of the type of cosy horror we were talking about. You know, Mr Oogie, he’s got these horrible sort of claymation-y bugs. The main character is, you know, this skeleton who is kind of scary, but, you know, also kind of reassuring. I think it’s a delightful Halloween movie. It’s one of my favourite Halloween traditions is to watch it. And yeah, I love it very much.

Lilah Raptopoulos
It’s a great one. Great movie, I agree. Topher, what about you?

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Topher Forhecz
So I am going to fudge this and say this is my favourite Halloween movie this year. This year in my house we have been trying to watch cult classics and sort of B horror movies, whereas I think Beetlejuice is a perfect object. We have been celebrating the imperfect objects that have been sort of relegated to the dustbin of horror history. And there is this one imprint that I want to shout out that restores and publishes these sort of schlocky horror movies called Vinegar Syndrome. They’ve been a great resource. And the movie that played like gangbusters to a crowd this year is a movie called Blades, which the pitch . . . 

Lilah Raptopoulos
Plural.

Topher Forhecz
Blades. Yes, correct. The pitch that I read that made me buy the movie was it’s like Jaws, but instead of a shark, it’s a lawnmower, and instead of the ocean, it’s a golf course. And it’s just pure, terrible, wonderful, nonsensical nonsense. But it’s . . . it really . . . it brought the house down this year. Blades.

Lilah Raptopoulos
Great one. Blades. OK. Mine is one that I watched as a child and then my partner brought back into my life as an adult, and it still held up. It’s the Great Pumpkin, Charlie Brown, 1966. It’s only 25 minutes. It’s just a real classic. And my favourite part is this subplot where Linus believes in the Great Pumpkin, which is basically like this pumpkin that comes down on Halloween and gives everybody presents. And he decides to wait for him in a pumpkin patch. But he has to choose the most sincere pumpkin patch.

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So I don’t know. Every time I watch it, I think about what it means to be a sincere pumpkin patch and the, like, kind of delusion of belief and belief in things that you just want to be true and how that’s really just the joy of being a kid and wanting witches to be real and wanting broomsticks to fly and, you know, believing in ghosts. So It’s the Great Pumpkin, Charlie Brown. Yeah.

A few listener ones. I will put a link to them in the show notes, but we have quite a few screamheads who say that Scream is 35 per cent Dawson’s Creek, 65 per cent horror. A listener named Dean rewatched House recently, the 1977 Japanese psychedelic comedy horror.

Topher Forhecz
Hell, yeah. That movie rocks. We watched that this year. That is a movie that has an auteur vision like that is just unto itself. There’s nothing like it. It’s great.

Lilah Raptopoulos
Yeah, he says it still holds up as bonkers and amazing. Tons of love for Hocus Pocus, as I said. One listener described Rosemary’s Baby as, domestic surveillance and paranoia is my favourite genre and also it’s a movie about a haircut. And finally, a recommendation for giallo films, the Italian murder slashers from the 60s and 70s, which actually Beetlejuice Beetlejuice references with the great Monica Bellucci.

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OK. We’ll put all of these recommendations in the show notes. Topher and Stephen, this was so much fun. Thank you both for coming on the show.

Topher Forhecz
Thanks.

Stephen Bush
Thank you.

[MUSIC PLAYING]

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Lilah Raptopoulos
That’s the show. Thank you for listening to Life and Art from FT Weekend. I have dropped all of the movies we mentioned today into the show notes and also linked to Stephen’s newsletter there. If you’re into UK politics, it is the cream of the crop. Also in the show notes are ways to stay in touch with me on email and on social, where I’m mostly on Instagram @LilahRap chatting with all of you about culture.

I’m Lilah Raptopoulos and here’s my wonderful team. Katya Kumkova is our senior producer. Lulu Smyth is our producer. Our sound engineers are Joe Salcedo, Breen Turner and Sam Giovinco, with original music by Metaphor Music. Topher Forhecz is our executive producer and our global head of audio is Cheryl Brumley. Have a lovely weekend and we’ll find each other again on Monday.

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