Treasury looking at a "Tell Sid" stocks & shares campaign

Adyinvestment

Apparently the Treasury are making plans to encourage us all to invest

treasury-plots-tell-sid-campaign-050000467.html

TBC15

Scotching worries of a CGT rise to 20% and reestablishing old allowances would be a good start.

EthicsGradient

Oh, a report paid for by the Personal Investment Management & Financial Advice Association says the government should spend public money encouraging people to pay for the services of PIMFA members? What a surprise. What's worrying is the government is taking this lobbying to get the government to pay for their advertising, and to reduce regulation on them, as a good idea. Smells like Regulatory Capture.

boingy

If only they had something left to privatise. I suppose we could buy into Thames Water in a few months time....

mark_cycling00

I suspect this will be more if an information campaign (a "we really care about you" PR stunt disguised as an information) where a variety of options for wealth preservation are explained with share investments and one option.

If everyone is told to see a financial advisor and buy shares, chances are they'll get told to invest outside the UK and Europe

sevenhills

mark_cycling00 said:

I suspect this will be more if an information campaign (a "we really care about you" PR stunt disguised as an information) where a variety of options for wealth preservation are explained with share investments and one option.

If everyone is told to see a financial advisor and buy shares, chances are they'll get told to invest outside the UK and Europe

I thought the general advice from this forum, is that shares are too risky?
Quite complicated for the Government to advise the general public, as an average, their IQ is rather low 🤣

Eyeful

   Yes I remember the  "Tell Sid campaign! ". That was part of the campaign were dear Margret sold the British public the "UK family jewel's" they collectively already owned, for prices well below their true value.  In the end, resulting in the "City Denizens" getting to own these assets at knock down prices. 

DietIrnBru

Probably to flog off the last of the family silver to overseas investors. 

wmb194

sevenhills said:

mark_cycling00 said:

I suspect this will be more if an information campaign (a "we really care about you" PR stunt disguised as an information) where a variety of options for wealth preservation are explained with share investments and one option.

If everyone is told to see a financial advisor and buy shares, chances are they'll get told to invest outside the UK and Europe

I thought the general advice from this forum, is that shares are too risky?
Quite complicated for the Government to advise the general public, as an average, their IQ is rather low 🤣

Where did you get that impression? The general consensus is that shares in individual companies and narrow investment themes are risky but generally investing in a broad index e.g., the world is far less risky and should lead to reasonable outcomes over time. However, individuals need to take their circumstances into account e.g., if they need to spend the money in a year's time they'd be better to stick to savings.

Section62

Eyeful said:

   Yes I remember the  "Tell Sid campaign! ". That was part of the campaign were dear Margret sold the British public the "UK family jewel's" they collectively already owned, for prices well below their true value.  In the end, resulting in the "City Denizens" getting to own these assets at knock down prices. 

It helped the average person realise that owning shares was something they could do and benefit from, rather than investing being the sole preserve of ultra-rich people and their stockbrokers.

My first toe-in-the-water of investing was buying a handful of shares in one of the utility privatisations.  Reading the annual reports cover-to-cover gave me useful information about how big companies operate, which helped enormously with the business studies element of my degree.  It also made shareholding (/fundholding) seem familiar rather than alien.

Maybe I'm just less cynical about the concept of individuals directly owning part of the companies they buy goods and services from, rather than having the goods and services just done to them.

John464

Thatcherism was hugely popular and brought her a stonking election victory.
But people like Truss didn't seem to realise that Thatcherism was a one off
There will never be another Thatcher
Because once you have sold everything you can't sell it again