North West retail investors paring back on new investments to cover rising household bills

THOSE living in the North West are being hit by the cost of living crisis, with 22% reducing the amount they invest to cover rising household bills, according to the latest:- 'Retail Investor Beat' from social investment network, eToro.

The report, a quarterly survey of 10,000 retail investors in 13 countries and 3 continents, offers a picture of how the ever growing pool of UK retail investors is responding to turbulent markets and a cost of living crisis.

Of those who said they were investing less, the main reasons for holding money back were to cover the cost of household bills, with 48% citing this (equal to 22% of the whole sample). Others in this group were cutting back on investing to build up emergency savings (33%) and to build up cash, ready to invest when the markets look better (20%).

This intention to return to markets soon was reflected when asked about investing plans for Q4. Only 27% plan to invest less than normal in Q4, versus 36% who did so last quarter, indicating that retail investors based in the North West are feeling less bearish about the remainder of the year. The data also shows that 17% plan to increase their investments in the next 3 months.

60% of North West retail investors said they felt confident about their investments; matching the UK average. However, this confidence was not reflected in other areas, with just 22% feeling confident in the UK economy (only Scotland was less confident) and 47% conveying confidence in their income and living standards; the 3rd lowest in the country.

Dan Moczulski, UK Managing Director, eToro comments:- "We've seen political and financial turmoil this year, so it's no surprise that some investors are playing a waiting game, ready to dip back into the market when things calm down. Rampant inflation and rising interest rates are also leading to concerns about income and living standards for many in the North West. However, despite these headwinds, retail investors in the Region are generally feeling more optimistic about the next 3 months."

Investors in the North West saw the state of the UK economy and a possible recession (29%) as the biggest threat to their investments in the next 3 months, followed by the state of the global economy (22%) and rising inflation (15%).

When asked about which markets presented the best investment opportunity, 30% of DIY investors in the North West believed the UK equity markets provided the best investment opportunity over the next 3 months. This compared to 23% thinking the US was the best pick, followed by emerging markets at 14%.

Moczulski concluded:- "Until recently, the FTSE 100 was the least bad performing market, and recent falls have largely been down to political uncertainty and a weak pound. The FTSE make up is designed for the conditions we're seeing now; thanks to its composition of defensives like banks, property and energy as well as companies with international revenue streams; so it makes sense that many North West retail investors prefer its prospects over other markets in Q4."
 

Childline launches campaign to help children at risk of sexual exploitation as more than 2,800 crimes recorded in the North West back in 2021

NEW analysis by the NSPCC of Police recorded crime data reveals there were more than 2,800 offences with an element of child sexual exploitation recorded in the North West last year.

During 2021/22, 2,821 crimes were recorded by Police in:- Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside; an average of more than 7 every day.

In the same period in England and Wales, there were 17,486 crimes logged by Police where children had been sexually exploited; an average of 48 offences a day, and an increase of 10% on the previous year.

The charity is revealing this data as its Childline service launches:- 'The Full Story' campaign in a bid to encourage more children and teenagers at risk of, or suffering sexual exploitation to use Childline for immediate, confidential help.

Over the last year, Childline has heard from thousands of young people about sexual exploitation with some being manipulated into performing sexual activities after being given money, drugs or love and affection.

Whilst others have been sexually exploited after being trafficked from their home after being threatened with violence or the promise of a better life elsewhere.

The number of Childline counselling sessions on sexual exploitation and abuse has increased from 5,962 to 6,230 this year (April 2021 to March 2022).

One girl of Secondary School age told Childline:- "I was abused by my dad when I was younger. My boyfriend has started to sexually abuse me and has introduced his friends to do the same. I've been raped by my boyfriend. He has been giving me drink and drugs. I want to break up with him, but I'm scared about what he will do. I feel like it's my fault for letting this happen. I've considered going to the Police, but my boyfriend has said he will show people sexual videos of me."

The campaign has created a series of short films showing 5 different scenarios of sexual exploitation, taken from real Childline calls.

In 1 of the films, 15 year old Leah is stood outside a party with her boyfriend. Over the next few seconds, she is plied with alcohol by her older boyfriend, who later says she owes him and tells her to have sex with his friends.

As well as helping children and young people gain an understanding of what sexual exploitation is and what a healthy relationship looks like, Childline is focussed on getting more young people to connect with them so they can offer immediate help and confidential support.

This week, the service has unveiled posters at:- bus stops, motorway service stations, cinemas, colleges, Pupil Referral Units, youth centres, youth hostels, children's homes, GP's, and sexual health clinics.

Although more children are reaching out for support on this issue, Childline's counsellors know from what they hear from children and young people there are many barriers and reasons which prevent some children from speaking out and getting help.

For some children, they may be being exploited by a family member or someone in a position of authority, other cases it may be a girlfriend or boyfriend. The grooming methods used can be subtle, so often they don't recognise anything is wrong or that they're in danger.

Whilst others might blame themselves for what they are experiencing, some are being blackmailed or threatened by their abuser causing them to remain silent due to fear.

The campaign name, The Full Story, alludes to mixed and often conflicting feelings a child who is being sexually exploited may experience.

Darren Worth, Service Head of Childline said:- "Sexual exploitation is a complex crime and often when children describe what is happening in their relationship, they don't realise they are being groomed and abused. Our counsellors have heard from children who have said they didn't realise what they experienced in a relationship or friendship was wrong until they were much older, and some said at the time they thought their abuser was someone they could trust. Others said they thought they were to blame for what had happened and were scared about what would happen if they did speak out. This is why this campaign is so important as it's essential that all children and young people have an awareness of this issue and know that no matter what the circumstances are, that sexual exploitation is never a child's fault and there are people like Childline who can help."

The charity's Chief believes everyone has a role to play in protecting children from sexual exploitation.

Sir Peter Wanless, NSPCC CEO said:- "Child sexual exploitation casts a dark shadow across our society, inflicting fear and pain on a rising number of children and young people. Greater public and professional awareness of this problem is vital, along with places like Childline which offers free and confidential help to those that are struggling, suffering or are confused at what is being done to them. Government must also provide high quality sex and relationships education to all children and young people, giving them a better understanding of what is and is not a healthy relationship. At the same time our political leaders must make child safety a key priority and commit to fundamental reform of the wider child protection system."

Childline offers confidential, non-judgemental support to children and young people; 24 hours a day, 7 days a week, 365 days a year. Young people can talk to the Childline counsellors online in 1 to 1 chat from an account they set up on the Childline website. This account can also be used to send the counsellors email and it's always free to call:- 08001111 with no phone credit required.

The Childline website offers lots of information, advice, self help and peer support on pre-moderated message boards.

Childline is a safe place, where children and young people can share as much or as little as they want to; they don't even have to tell Childline their name. Childline's support helps young people feel more in control and provides them with options to use Childline in a way that works best for them and to speak to a trained counsellor in a way that feels most comfortable.

The NSPCC Helpline often hears from parents and teachers concerned about children being sexually exploited. Generally, when that child has a significant change in their emotional wellbeing, unexplained absences from:- School, College or work and an unexplained acquisition of:- money, clothes, mobile phones. If you are concerned about a child contact:- 08088005000 or email:- Help@NSPCC.Org.UK. Also, for more information on the campaign you can visit:- Childline.Org.UK.