Rachel Reeves’ ‘save less to invest’ policy could be brilliant for ordinary Britons – or a disaster | Hilary Osborne
People know about savings. But investing in stocks and shares? Not so much. Ministers have a duty to be clear about the benefits and risksHilary Osborne is the Guardian’s money and consumer editorWithout wanting to sound like a jeremiad from the Daily Mail, I should warn you that Rachel Reeves is after your money. Part of her plan to grow the UK economy involves persuading cautious Britons to take more risks with their savings. It’s a win-win, she says. British business gets more investment and savers get better returns. The “nation of shopkeepers” becomes a nation of investors.And it could all work out like that, of course. But there is the potential for things to go horribly wrong if the mooted letters from banks suggesting different investments and changes to risk warnings are done badly. There is also the danger of persuading people into the market in the good times, only for them to find themselves nursing losses in the next downturn. Continue reading...
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings