The government of the United Kingdom is giving its investors mixed signals.
The Bank of England cuts interest rates hurting savers, while the Financial Conduct Authority licenses peer to peer crowdfunding lenders.
Now some Members of Parliament are admonishing the government that it is promoting risky investing as investors chase yield with P2P lenders. P2P sites don’t have the same government backing as bank savings accounts.
The MPs now claim that the government is supporting risky behaviour that could end badly for naive citizens.