As part of GBI & IFA Magazine’s weekly question series polls, we recently ran another series of questions across our Twitter platforms (@GBIMagazine) (@IFAMagazine). The poll delved deeper into a wide range of industry topics and asked our audience a series of 4 questions on the subject in total. The questions revolved around Alternative Investments being affected by higher interest rates, higher inflation driving more investors towards alternative investments, Bank of England reducing interest rates in 2024, and whether inflation will get down to its target rate this year. The results of the polls have since been revealed, and have been highlighted along with the questions, below:
1) Are alternative investments (EIS/VCT) being negatively impacted by higher interest rates?
100% of participants voted that they don’t believe that alternative investments are not being negatively impacted by higher interest rates, with 0% of participants voting for the first option that alternative investments are being impacted by higher interest rates.
2) Does higher inflation drive more investors towards alternative investments (EIS/VCT)?
50% of participants voted that ‘No’ suggesting that they don’t believe that higher inflation drives more investors towards alternative investments, 50% voted that they are still undecided on the subject, and 0% voted for the ‘Yes’ option. The results make it clear that the audience believes that higher inflation is not currently classed as a determining factor which drives investors towards alternative investments.
3) Do you think the Bank of England will reduce interest rates later in 2024?
The majority of participants voted yes, that they believe that The Bank of England will reduce interest rates later in 2024, with 20% voting that they personally don’t believe that The Bank of England will reduce their rates later in 2024.
4) Do you think inflation will get down to the target rate of 2% this year?
0% of participants voted ‘Definitely’ that they believe that inflation will get down to the target of 2% this year, with 50% voting ‘No’ and 50% also voting that they’re still undecided on whether they think that inflation will get down to the target rate of 2% this year.
We would like to hugely thank every participant that took part in this weeks question series poll to understand more on this particular industry topic, GBI magazine & IFA Magazine will be continuing to run a series of diverse and interesting question polls across Twitter weekly, so we would love to know our readers thoughts and opinions on these topics as our poll series grows. Keep an eye on our Twitter page for the next set of questions to get involved and share your views!
