Savings & Investments Market
The savings and investments industry in the UK has been hit hard over the past 5 years, and it is likely that recovery over the 5 years to 2017 will not be easy. Levels of savings and investments were already low prior to the recession, when a consumerist economic boom period swept the nation, fuelled by cheap consumer credit. As such, levels of debt were high, while savings and investments remained low.
There is evidence that this trend is beginning to reverse, with the population gradually beginning to funnel a greater proportion of their incomes into savings and investments — with a particular winner in terms of attracting funds being cash and stocks and shares individual savings accounts (ISAs) — but the prevailing economic conditions are hampering these efforts. This is despite ISAs being preferable for banks as they improve capital reserves, ………
Bharat Book Bureau
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website: www.bharatbook.com
Email: [email protected]
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