UK chancellor Rachel Reeves would like Britons to invest more in stocks – particularly UK stocks – rather than keep their money in cash. She has even urged the UK finance industry to be less negative about investing and highlight the potential gains as well as the risks.
Stock ownership is important for governments for a variety of reasons. Boosting capital markets can encourage business expansion, job creation and long-term economic growth. It can also give people another source of income in later life, especially as long-term investing can offer greater returns than saving.
