alan joyce, ceo speaking from the carrier headquarters of qantas.o to tv on your terminal, also on your mobile. you can customize your settings and you only get the news and stuff you care about. check it out. this is bloomberg. ♪ ♪ betty: let's get back to our top story, jackson hole talks making president esther george its host. central bank can start winding down the balance sheet and raise rates once more this year. , wall balance sheet street is betting it is september you will announce it. any reason it would be wrong, from your point of view? >> i've been in favor of doing this for some time and i think the estimates suggest the economy is in a good place to begin doing that every i look forward to the discussion in september about that opportunity. >> you have any estimate of the impact of financial markets from that, particularly yields and whether or not it will amount to a defective tightening? >> i have seen various estimates and it's hard to know because we don't have experienced doing this. you would expect because of the duration

next year they also confirmed they will fly directly from perth to london, which chief executive alan joyce surprisingly, qantas shares have been rising today. we are also rounding up our week—long series on the business of death, looking at the financial issues raised by aging populations around the world. benjamin franklin famously said nothing is certain "except death and taxes." in many countries inheritance tax or death taxes are an absolute certainty. but in others, like israel, australia and sweden, the tax has been abolished. is it good for the economy, a fair way of redistributing wealth — or a final injustice? we get the views of two uk tax experts. i would say that yes, it is good for the economy. it puts money into the treasury, which obviously pays for various things, including various necessities. but inheritance tax also has an inbuilt protection for businesses. good points. i don't think eventually raises much money. that quarter to 0.5% of gdp, it is a few billion pounds. at the moment it isa few billion pounds. at the moment it is a chance tax. it is only those people who

i have been coming down here for five years now and remember when alan joyce was in the neck of whatransformation program. it seems all of that has been now andd -- validated qantas has confirmed they will continue to return cash to shareholders. >> we have said we have a range we are comfortable with between $4.8 billion and $6 billion. it is now $5.2 billion. we have been clear on our capital expenditure over the surplus years, and any cash above that will be distributed to shareholders. to getantas lost a lot to this point, but the staff there remain have been rewarded come all getting a bonus of $2500 each. rishaad: i will jump in here. tell us about these ultra long-haul routes, sydney to london, sydney to new york, the quickest to new york is 26 hours, 23 hours to london. they want to take four hours off of it. how will they do it? paul: the technology does not exist but is working with falling and airbus to make sure that the next generation of long-range jets can make , a feat of endurance really. you need a strong fortitude to deal with it. to london is the last frontier of