Budget 2026 doesn’t encourage investors, but cash is still the worst asset class
Cash brutalises longer-term returns, risking poverty in retirement. Photo: Getty
What a bust! With Budget 2026 disappointing virtually everyone – with its “stealth” tax hike on earnings, no cost-of-living package, expiring energy credits and more – and higher food prices compounding pressure on households, many seek safety from a “looming storm”.
Hoarding cash may seemingly offer safety. Lured by short-term deposit rates yielding around 3pc, many investors are boosting cash holdings now (as recent negative interest rates fade into distant memory).
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