When stock markets crashed last year due to the economic shock of Covid-19, many new investors decided to start trading on the stock market.

The stock trading app Freetrade saw its customer base double in the first four months of 2020, with many new customers being Gen-Z or Millennials. Online investment management service Nutmeg saw a similar spike, with 42 per cent of all new investors on the platform between the ages of 25 and 34, rising nearly 60 per cent year on year.