Moves to Boost Saving 'Would Stall Economy'

The Scotsman › April 13, 2005

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Summary

MOVES to plug the UK's multi billion-pound long-term savings gap would be bad for the economy, a leading City analyst said yesterday.

Ned Cazalet, of Cazalet Consulting, said a much called-for increase in personal saving to plug a near GBP 30 billion annual savings shortfall would blight inflation and investment returns, and cause a surge in life assurance offices' and pension funds' liabilities.

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Moves to Boost Saving 'Would Stall Economy'

Speaking at the Association of Investment Trust Companies' annual directors' conference in L...

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