Emeritus Prof Christopher May<p>Like Rachel Reeves, Maria Luís Albuquerque (EU financial services commissioner) has no doubt been lobbied the financial services sector; </p><p>she is making similar calls for people to be 'incentivised' to use their savings to invest in stocks &amp; shares, not just use savings accounts.</p><p>What they both should recognise is this is an issue of both a lack of trust (in financiers) &amp; an issue of precarious retirement making people risk adverse with their savings for old age.</p><p><a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://zirk.us/tags/savings" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>savings</span></a> <br>h/t FT</p>