Lisa Gordon, chair of Cavendish, calls for a stamp duty on crypto purchases to drive economic growth. She argues that the current trend of investing in crypto rather than equities is detrimental to the economy.

Recent research highlights that more than seven million adults in the UK now own cryptocurrencies, a number that signifies rapid market adoption. Gordon expresses concern over this trend as a potential barrier to economic productivity.

Gordon notes a shift among UK citizens toward saving rather than investing, which jeopardizes their retirement planning. She emphasizes the importance of investing in productive assets to foster economic growth.