Stop being negative about savers buying shares, Reeves says

The UK Chancellor, Kwasi Kwarteng, has urged the financial industry to change its narrative around consumer investment. In a speech, Kwasi Reeves criticized the industry for being "negative" about individuals buying shares, stating that this attitude discourages growth. Reeves emphasized the importance of encouraging more people to invest in the stock market, arguing that this could contribute to economic growth and personal wealth. He suggested that the financial sector should adopt a more positive approach to consumer investment, focusing on the potential benefits rather than the risks. The Chancellor's comments come amid a broader push by the government to promote investment and economic growth. Reeves stressed the need for a "cultural shift" in the way the financial industry communicates with the public, encouraging a more inclusive and supportive environment for individual investors. Overall, the Chancellor's remarks highlight the government's desire to empower more people to participate in the stock market and contribute to the country's economic prosperity.