London Stock Exchange leader advocates for addressing underinvestment to promote growth

In a bid to boost investment and stimulate economic growth, Finance Minister Rachel Reeves has announced the 'Tell Sid' campaign. This initiative comes at a challenging time for the City markets, following a series of delistings, including tech darling Darktrace and fintech firm Wise.

Dame Julia Hoggett, the chief executive of the London Stock Exchange, has expressed her support for this campaign. Hoggett believes that Britain has underinvested in the real economy and that this needs to be addressed for growth. She argues that it should be "much more straightforward" for retail investors to participate in these markets.

The 'Tell Sid' campaign aims to fix a "tangled system of financial advice" and "lengthy risk warnings." Regulators will advise on the campaign, with the Investment Association helping to drive it. High street banks will lead the drive to highlight the benefits of retail investing, alerting customers about investment opportunities and how to move cash from savings accounts to stocks and shares investments.

Hoggett has long called for the UK to change its "perverse" attitudes towards retail investment. She has pointed out that Brits are more averse to investing in the real economy compared to investments in cryptocurrency. The London Stock Exchange's chief executive sees the 'Tell Sid' campaign as a means to demystify investing for the public.

The changes aimed by the 'Tell Sid' campaign could help lower the cost of capital for business and growth. Hoggett suggests that the UK is stuck in a rut of talking itself down regarding investment. She believes that the campaign could lead to a "zeitgeist shift" that will stimulate economic growth.

However, the official start time of the new "Tell Sid" campaign announced by Finance Minister Rachel Reeves is not mentioned in the provided information. Despite this, the campaign is aimed at encouraging Brits to invest in capital markets, and with the support of key figures like Dame Julia Hoggett, it may well achieve its goals.

London Stock Exchange leader advocates for addressing underinvestment to promote growth