Crypto buyers should pay stamp duty to boost the UK, says bank chair

Lisa Gordon has one word for how we should feel about the UK population’s obsession with crypto: terrified.

The chair of Cavendish, an investment bank that specialises in smaller companies, is referring to the nine million people who have ploughed their savings into crypto, one of the world’s fastest-growing asset classes — and an unregulated one.

“It should terrify all of us that over half of under-45s own crypto and no equities,” she said.

Gordon wants people to put their savings into shares, as this would not only encourage more companies to list on the London Stock Exchange through initial public offerings (IPOs), but also help drive the economy — as shareholders support the growth of companies.

That contrasts with crypto investing, which she described