As GBI & IFA Magazine’s weekly question series polls power ahead, our most recent question series for our audience focused once again on a diverse range of influential topics being widely discussed within the financial services industry. This weeks questions also expanded into one of the most discussed and anticipated topics, the upcoming US and UK elections, along with the decision to hold the Bank of England base rate, and finally, whether or not a change in government would result in changes to the AIM, VCT and EIS markets. We have since gained the results of the questions which can be seen below in full:
1) Do you think the lead up to the US and UK elections will have a positive or negative impact on markets?
Upon analysing the results, 100% of participants voted that they feel that the build up to the upcoming US and UK elections will have a negative impact on markets. With 0% voting that they have faith that the elections will bring a positive impact, it is clear that the sheer scale of impact in both the US and UK with such a major event happening could push markets down in the short term, hence why investors may are not currently be optimistic about the impact this could have.
2) Do you think the decision to hold the BoE base rate will drive investors towards investments or cash holdings?
With the decision to hold the Bank of England base rate at 5.25% earlier this month, 100% of participants voted that they feel that this decision will in fact drive investors towards investments as apposed to cash holdings, with a striking 0% voting that they see the decision driving investors to cash holdings.
3) Do you think a change in UK government would result in changes to the AIM, VCT and EIS markets?
Our final question brought some divide within our audience, focusing on whether a change in the UK government brought by the next UK general election which is currently predicted to take place in the latter half of the year, ultimately by January 2025, would result in changes to the AIM, VCT and EIS markets. 50% of the participants voted that they do believe that a change in UK government would result in alterations and changes within the AIM, VCT and EIS markets, with an equal 50% of participants voting that they do not believe that a new government would change the markets, and that they would remain the same.
As always, we would like to say a huge thank you to each and every one of our readers and followers who got involved with our most recent question series poll, we highly value being able to gain insight into our readers views and thoughts on many of the factors influencing our industry, so be sure to keep an eye out on our GBI Magazine, and IFA Magazine Twitter accounts next week for our next questions of focus!
Discover a selection of Tax Efficient Opportunities on our Open Offers page.
