Britain is shifting from a culture of excessive risk aversion toward one that embraces calculated risk to drive investment, innovation, and economic growth, says Charles Hall

Brits appear to be obsessed by risk. Warnings abound throughout our lives such as endlessly repeating ‘mind the gap’, providing heatwave advice that warmer countries don’t seem to find necessary – and don’t get me started on trigger warnings.

The proliferation of risk warnings has long-since moved from sensible safeguards to an overbearing culture of caution, inflating costs and stifling activity. It’s the same in finance and it’s been getting progressively worse, where innovation and entrepreneurship are being stifled, supposedly to make us safer. The result? a generation of savers that don’t invest in ‘risky’ equities, pension funds fully invested in ‘secure assets’ and a lack of investment in growth businesses. What makes it worse is that so many risk warnings are intended purely to........

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