Making Money The hidden crisis in the UK economy
Nov 4, 2024
Join Andrew Craig, author and founder of Plain English Finance, as he unveils the hidden crises in the UK economy. He discusses the alarming decline in stock market value and the need for financial literacy to support local businesses. Explore the promising future of biotechnology and its potential to reshape industries while addressing pressing global challenges. Craig also highlights the struggle of small businesses with cash management and urges a focus on investing in undervalued biotech firms to revitalize the economy.
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UK Economic Decline
- Britain's stock market has declined significantly, impacting wealth.
- The UK's GDP per capita has stagnated while other nations have grown wealthier.
Impact of Fewer Listed Companies
- The London Stock Exchange has lost numerous listed companies, harming the economy and employment.
- Smaller companies are crucial for economic growth and innovation, but the UK's equity culture is being eviscerated.
Evisceration of Equity Culture
- UK pension fund regulations have driven capital out of UK shares and into bonds or foreign investments.
- This has made it more expensive for British companies to raise capital, hindering their growth.
