Investing in confidence and the measures that improve it should be at the centre of any government push to get more people investing, writes Brian Byrnes
HM Revenue & Customs' (HMRC) September savings data revealed a familiar trend: in 2024, those with the means to invest still left most of their money in cash, with over £69bn going into cash ISAs versus £31bn going into stocks and shares. While the amount people are investing has almost doubled compared with ten years ago, cash is still the preference for the majority of UK consumers. The UK's over-reliance on cash savings is a challenge that successive governments have sought to shift the balance on, and ahead of the chancellor's Mansion House speech, there was even speculation that...
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