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

MattMattMattUK

John464 said:

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

Truss failed to realise that she was nothing like Thatcher either, Thatcher would have thrown Truss out of the Conservative party, Thatcher had charisma, it might have rubbed some people up the wrong way, but she certainly had presence in a room. Thatcher was very intelligent (regardless of if you agree with how she used that intelligence), Truss, evidently is not, and indeed the vast majority of people who have had the misfortune of working with her describe her as at best "not very bright".

InvesterJones

I'd be happier if they just made buying individual gilts easier..

wmb194

InvesterJones said:

I'd be happier if they just made buying individual gilts easier..

I never tried it but you used to be able to issue orders to buy and sell them via the Post Office - I presume it went to the DMO or its brokers - but that was ended decade plus ago. Obviously you'd only discover the price later but it sounded easy enough.

Eyeful

I think  Mrs T aim, was to build a "large war chest" so she could give the voters large "tax cuts" in the hope of winning her the next election.

She did not need to sell the "UK family jewel's" at fire sale prices, to make the average person aware of the advantages of ownings shares.

If a "share owing democracy" had really been the aim, putting the spot light on "the best kept secret in the city" at the time (i.e. InvestmentTrusts) or even Unit Trusts, was the easy and cheap way of doing it.

Section62

Eyeful said:

I think  Mrs T aim, was to build a "large war chest" so she could give the voters large "tax cuts" in the hope of winning her the next election.

She did not need to sell the "UK family jewel's" at fire sale prices, to make the average person aware of the advantages of ownings shares.

If a "share owing democracy" had really been the aim, putting the spot light on "the best kept secret in the city" at the time (i.e. InvestmentTrusts) or even Unit Trusts, was the easy and cheap way of doing it.

"Recollections may vary"

There was no "fire sale".

Malthusian

Eyeful said:

If a "share owing democracy" had really been the aim, putting the spot light on "the best kept secret in the city" at the time (i.e. InvestmentTrusts) or even Unit Trusts, was the easy and cheap way of doing it.

Like a previous poster, I'm unclear on why taxpayers (who mostly don't have any money to invest in shares) should be paying the investment industry's advertising costs for them. 
If there is such a thing as a share owning democracy, the policy which has done the most to achieve it is auto enrolment. 

John464

Malthusian said:

If there is such a thing as a share owning democracy, the policy which has done the most to achieve it is auto enrolment. 

Depends which way you look at it I suppose.
You could say the policy which did most to achieve a share owning democracy was public ownership of our housing, public transport, power and water supplies etc when everyone had a share in them.

Section62

John464 said:

Malthusian said:

If there is such a thing as a share owning democracy, the policy which has done the most to achieve it is auto enrolment. 

Depends which way you look at it I suppose.
You could say the policy which did most to achieve a share owning democracy was public ownership of our housing, public transport, power and water supplies etc when everyone had a share in them.

...only if the definition of 'share owning democracy' is one in which the shareholders have to pour money constantly into the company and never see a return on their investment, and have no meaningful say on how the company should be run.

Exodi

> Cost of living crisis, escalating costs of many essential goods, energy prices out of control, spiraling interest rates causing unaffordable mortgages and rents, debt charities reporting record high numbers

> "Here's what you can do with all of your spare money".

Exodi

Andrew Griffith, the economic secretary to the Treasury:

“Increasing individual share ownership is also about changing culture, attitudes to risk and supporting individual responsibility.”

I really hope this is referring to individual people and not individual shares. Last thing we need is the public with what little money they have left YOLO'ing it on TSLA...

I'm optimistic it is the former, but it just seems like such a random word to throw in when the sentence makes just as much sense without it.