Government urged to 'harness optimism to grow economy'

24 Jul

The British Chambers of Commerce (BCC) has called on the government to harness retail investor optimism to help grow the UK economy.

A survey carried out by the business group found that 53% of retail investors are optimistic about their investments over the next year. 40% expect to increase the amount of money they invest over the next 12 months.

David Bharier, Head of Research at the BCC, said: 'Our research shows individual investors are increasingly optimistic, with many planning to increase their investments over the next 12 months. It's crucial that the government taps into this growing investor appetite.

'An additional allowance to invest in UK equities would help more of the public drive activity back into the market.

'As our research shows, a new generation of investors is emerging with a much bigger appetite – the UK needs to be ready for them. Businesses, and the wider economy, will reap the benefits.'