Uncertainty over public sector spending cuts
should motivate Britons to invest their money into a
savings account, it has been claimed.
Adrian Lowcock, senior
investment advisor at Bestinvest, has suggested that the
reality of the coalition government's cost-cutting is now
hitting home.
He explained that these measures are affecting the public sector,
and it's going to affect them with more potential
job losses.
Something like that should actually increase savings,
he observed, because people who are concerned about it will
be more likely to save, to prepare for their biggest fear - losing
their employment.
Meanwhile, FC Investments' latest Question of the Month
survey revealed recently that three-quarters of
investors expect the best returns over the next year to come
from companies based outside the UK.
Added to this, the survey found that 60 per cent of respondents
backed large companies to deliver superior returns to smaller
companies.
