Investing slows as UK cost of living crisis bites
Savers are holding back from putting their money into the securities markets as the cost of living crisis squeezes household budgets and the financial tumult in the UK rattles investor confidence.
Hargreaves Lansdown, the UK’s largest do-it-yourself investment platform, said this week that new investments effectively stalled in the third quarter, with the bulk of new money flowing to cash savings instead.
The Financial Conduct Authority (FCA) meanwhile warned that the worsening economic situation this year has harmed household’s capacity and inclination to invest for the long term.
This story originally appeared on: Financial Times - Author:Joshua Oliver
