Now, look, this is understandable, but it’s a deeply damaging instinct.” Mr Afolami said: “This culture of safety-ism, the culture of the ubiquitous 20-mile an hour speed limit, which prioritises feelings of safety and the elimination of risk at all costs. Mr Afolami said he wanted to push back against “the modern trend to seek to eliminate all risk, which has only accelerated after the Covid pandemic.” The economic secretary to the Treasury said the sale would help encourage more young investors into the market. Mr Afolami said he wanted to use the sale of the Government’s stake in NatWest this year to help “kickstart” an increase in retail investment across the UK to boost the economy. While there has been a dearth of public market listings worldwide, London has seen some of the sharpest falls. Less than £1bn was raised by companies in London last year, a fall of 40pc compared to 2022, and there were no public offerings in the final quarter of the year. London missed out on a float of Arm, the Cambridge chip designer, which went public in New York at a $54bn valuation despite lobbying by Rishi Sunak and Jeremy Hunt. ![]() The London Stock Exchange has been struggling to attract new companies and struggled to stop businesses that are already listed quitting the market. Meanwhile, ownership of cryptocurrency has risen steadily in recent years, with almost one in ten Brits now owning some form of the digital tokens, according to the Financial Conduct Authority.ĭeclining public interest in the stock market has contributed to fears that London is entering a “doom loop” where its fading significance becomes self-reinforcing. He quoted research by think tank New Financial, which showed the share of UK households who own stocks and shares has more than halved from 23pc in 2003 to 11pc in 2022. Mr Afolami, speaking at a Bloomberg event, said encouraging this cohort to invest in stocks could trigger a “capital markets renaissance”. “I think clearly, a lot of them, if we made the mainstream financial market attractive enough, will do that and that will help the flow of capital into our capital markets.” Let’s try and get them into the mainstream financial markets. “The holders of crypto assets are overwhelmingly skewed toward people under 40. So the question we are going to ask ourselves is why are they not doing it in mainstream financial markets? They’re not people who don’t want to take risks. Mr Afolami said: “Those are not people who don’t want to invest. All Rights Reserved.The London Stock Exchange should court a generation of cryptocurrency investors to revive its fortunes, the City minister has suggested.īim Afolami said encouraging the six million people in Britain who own crypto to buy stocks and shares would help to improve the London stock market’s attractiveness on the world stage. and its subsidiaries do not disclose any nonpublic personal information to anyone, except as permitted by law. Rapid Armored Corp., a wholly-owned subsidiary of The Pay-O-Matic Corp., is licensed as an Armored Car Carrier by the United States Department of Transportation and the New York State Department of State. *These Companies are licensed as Money Transmitters by the New York State Department of Financial Services. and Western Union Financial Services, Inc. ![]() is licensed by the Superintendent of Financial Services, pursuant to article 9-A of the Banking Law and is an authorized agent of the following Money Transmitters*: The Pay-O-Matic Corp. ![]() ![]() is licensed as a Money Transmitter by the New York State Department of Financial Services and the New Jersey Department of Banking and offers proprietary bill payment and prepaid services under its Pay-O-Matic Payment System business unit.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |