Is cash king? Yes, according to a new study showing that money in best buy savings accounts has fared better than the stock market over most investment periods since 1995.
It found that investments in tracker funds would have lost money up to a third of the time, the BBC reports. But cash in a savings account always ends up higher than it started, said Paul Lewis, the author of the report. ‘People who prefer the safety of cash can make returns that beat those on tracker funds.’
House prices
The collapse in global oil prices has sent house prices tumbling in areas reliant on the UK’s North Sea oil industry, according to a new official house price index. By contrast, well-off residents of the City of London, who include the flat-dwellers of the Barbican estate, have seen their properties soar in value by more than 27 per cent in the space of 12 months, with gentrifying east London neighbourhoods such as Walthamstow not far behind.
The new government-published house price index replaces the previous indices published by the Land Registry and the Office for National Statistics.
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in