Spreadbetter the devil you know

CONTRARIAN INVESTOR

Scanning this weekend's newspaper coverage of the general election and its likely impact on investment, I was struck by the sheer monotony of the coverage.

Frankly, bar a few key areas like CGT allowances and whacking the wealthy, there’s not a huge amount of difference between the three main parties. And that lack of difference is obviously because, collectively, all the parties have very little concrete to say about new ideas for promoting innovation in the personal financial services space. I was, on the other hand, struck by another observation, an observation that could be translated into something useful in policy terms after the election is over – the offending party is the spread-betting industry and my policy is to ‘do something about...