The Chancellor stated the financial sector should shift the negative perception of stock and share investments to aid economic growth. Rachel Reeves emphasized the need to highlight investment benefits rather than merely warning about risks. The government plans to collaborate with the financial regulator to assist potential investors and is reconsidering tax-free limits on cash ISAs. Reeves mentioned efforts to enhance financial advice to empower consumers in making informed decisions. Economic pressures are prompting discussions about potential tax increases in the upcoming Budget.
"For too long, we have presented investment in too negative a light, quick to warn people of the risks without giving proper weight to the benefits."
"Our tangled system of financial advice and guidance has meant that people cannot get the right support to make decisions for themselves."
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