Susan Hayes Culleton

Thank you very much indeed, as always, for joining us.

Good morning.

You're listening to Breakfast Business with Susan Hayes-Cullerton in for Joe Lynham today.

And coming up this morning, we will be talking promotional pricing because, of course, it is Cyber Monday.

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Now, I do hope that you're settling well and happy into this week.

I was actually in Liscannor myself for the weekend and you know, there is really something about the fresh air, the ruggedness of the Cliffs of Moher, the music, the food and of course, the people of North Clare.

So, I hope you had a weekend where you have that topped up feeling as you head into the week and if not, well, I'm right here beside you to ease you into the first week of December.

So,

Let's get straight into it and look at some of the stories in the paper this morning and indeed of the things that happened over the weekend with Russ Mould from AJ Bell.

Good morning, Russ.

I am indeed.

Thank you.

Well, we'll start off, first of all, with a pretty decisive answer to the referendum in Switzerland yesterday, which had a proposal to impose a 50% inheritance tax levy on estates and transfers over 50 million Swiss francs.

That works out about roughly 53 million euro.

What happened in Switzerland?

But you do say the well-heeled residents.

I mean, the reality is here, this wasn't about necessarily only taxing people who live there, but the opportunity cost, if I could take that economic term, about people who wouldn't move there if such a deal had been or such a proposal had been accepted.

But it's not like this agreement or the result was decisive, but the discussion wasn't necessarily.

I mean, 43% of the population came out to vote on this.