Perpetual bonds under attack

Philip Booth appears on BBC Radio 5 Live

Philip Booth appears on BBC Radio 5 Live discussing 'perpetual bonds'. He argues that these bonds are a bad idea as they pose too much risk to investors both because of inflation reducing their value over time and because governments have a track record of reducing interest rates at a later date when perpetual bonds have been used in the past.

Watch here. (Segment starts at 2:24:04)