Nick Saunders, CEO of Webull UK, an online investment platform, says the UK must completely overhaul its investment system if it wants to drive growth.

Like a rickety Edwardian chair with a broken leg, the retail investment infrastructure in the UK is so badly damaged that not even the most optimistic Bargain Hunt contestant would hope to turn a profit on it.

The tax regime is unfriendly, but more importantly, the London Stock Exchange has rested on its laurels for years. Brokers remain fixated on their own narrow offerings and are uninterested in explaining products outside their own sphere and our regulator lacks any mandate to expand market participation.

We are at a tipping point – without radical reform, the UK risks losing its investment infrastructure entirely. Locally listed products will wither on the vine, leaving those investors who do want access to the markets to seek offshore, potentially unregulated,........

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