The UK Autumn Statement and Budget has divided DIY investors as 38% believe it will help them while 41% think the opposite.
This is according to research from wealth manager Charles Stanley. It also found that 29% of investors will increase their exposure to the UK as a result of the Budget, but 25% will decrease.
In addition, almost two-fifths (38%) of DIY investors say that they have already made specific stock picks that they believe will benefit from the Budget.
Moreover, a third (32%) of investors say they have accelerated their plans to move their wealth abroad as a result of the budget.
|
True |
False |
|
|
I closely monitored the Budget |
63% |
25% |
|
I understand the changes the Chancellor made in the Budget |
61% |
26% |
|
As a result of the Budget I’m increasing my asset exposure to the UK |
29% |
52% |
|
As a result of the Budget I’m decreasing my asset exposure to the UK |
25% |
56% |
|
The Budget has made me more sceptical of the AIM market |
40% |
38% |
|
The Budget has made me more interested in investing in the AIM market |
33% |
46% |
|
I’ve accelerated my plans to move my wealth abroad as a result of the Budget |
32% |
50% |
|
I’ve hired / am hiring a financial adviser to help me manage my money as a result of the Budget |
26% |
57% |
|
I regret financial decisions that I made pre-Budget based on speculation |
22% |
61% |
|
I have made specific stock picks that I believe will benefit from the Budget (e.g. infrastructure, housebuilding) |
38% |
44% |
|
I believe the announcements in the Budget will help UK investors in the long-run |
38% |
41% |
Rob Morgan, chief investment analyst at Charles Stanley Direct, said: “DIY investors make up an important – and growing – cohort of the UK’s investment community, and gauging their reaction to the Autumn Statement gives valuable insight into its reception by those who have a direct stake in the country’s economic success. Our research paints a picture of doubt: while many investors’ confidence in the country remains intact, a larger proportion are less ebullient, and this could have a knock on effect on the value of UK equities.
“The longer-term effects of the Budget on the economy will become clearer with time; as always, we advise investors to stick to the principle of investing for the long-term, with a diversified portfolio, and to seek professional advice before making major financial decisions.”
“Investors split on latest UK Budget” was originally created and published by Private Banker International, a GlobalData owned brand.
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