Municipalities Minister and economist Bim Afolami said this on Friday. city in the morning podcast, Bonds and Ballotsregulators and ministers is responsible for The aim is to make the stock market more attractive to young investors. Afolami suggested that the market depends on the key decisions of young investors who can choose between supporting crypto investments or retail stocks.
Most notably, Mr Afolami pointed out that investors would be wise to invest in NatWest (LON:NWG) shares, adding that Relationship Bank will ensure that savings are automatically registered and invested in the UK stock market. The company argued that it was a worthwhile investment.
Following two recent share sales, the UK government’s stake in NatWest is now around 37%. The government saved NatWest from bankruptcy during the 2008 financial crisis, and the state has been feeding shares back into the market.
Subscribe to never miss the latest news leap rate Newsletter
In an interview with Bloomberg on Thursday, Afolami spoke about the burgeoning crypto market and its dominance over young stock traders:
That’s one thing I would like to change. So don’t just own cryptocurrencies, own NatWest shares, own cryptocurrencies, invest with your savings through automatic registration, invest in the UK, UK stock market. . That’s the change we need to see.
In 2023, the number of initial public offerings (IPOs) on the London Stock Exchange sank to a 13-year low. The number of new listings on the market fell by 49%, with only 23 companies issuing IPOs compared to 45 registered in 2022.