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Five ways to tilt back to the best way to invest

The UK economy has overdosed on debt finance. Equity is the way to promote growth – and fairness – writes L&G chief executive Nigel Wilson

Off balance: financing in the UK is debt-heavy, and needs to shift back towards equity
Off balance: financing in the UK is debt-heavy, and needs to shift back towards equity Photo: Getty Images / FN montage

Every Budget is a balancing act. But in his 2016 Budget, George Osborne performed an even better trick – he tentatively started a rebalancing act.

For too long, incentives in the UK have been too heavily tilted in favour of using debt financing rather than equity. The Chancellor introduced a number of measures that will begin to correct that imbalance. They were modest, but any correction is a move in the right direction.

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