CPS report ‘Retail Therapy’ featured heavily in an article in The Times asking what can be done to boost London’s stock market.
The piece highlighted figures from the report, written by former special advisor Nick King, which found “that the portion of listed companies owned by households [in the UK] had dropped from more than 50 per cent in the 1960s to 12 per cent, well below other European countries”.
As a result the report recommends a series of measures, including a government- and LSE-backed campaign to promote share ownership and a more realistic, positive attitude towards risk.
“At the moment, buying shares is treated by the regulators as a more dangerous pursuit than gambling,” the report’s authors noted.
Read Nick’s report ‘Retail Therapy’ here.
Date Added: Monday 14th August 2023