Reform of cash ISAs is still on the agenda. Quite right, too | Nils Pratley
Cap on cash within £20,000-a-year personal allowance to encourage investment in equities could send billions flowing to UK stock marketHands off our cash Isas! Don’t punish savers for choosing safety! Don’t force everyone into stocks and shares! Think of the havoc you’ll cause for first-time buyers if you deprive banks and building societies of their stickiest source of deposits! Don’t fall for the self-interested lobbying of City fund managers!The cries were loud and furious ahead of the spring statement and, in the event, Rachel Reeves did nothing on Isas. But prepare to have this quarrel all over again in the autumn because the documents confirmed the Treasury is still considering a cap on cash within an individual’s £20,000-a-year allowance. Continue reading...
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Cap on cash within £20,000-a-year personal allowance to encourage investment in equities could send billions flowing to UK stock market
Hands off our cash Isas! Don’t punish savers for choosing safety! Don’t force everyone into stocks and shares! Think of the havoc you’ll cause for first-time buyers if you deprive banks and building societies of their stickiest source of deposits! Don’t fall for the self-interested lobbying of City fund managers!
The cries were loud and furious ahead of the spring statement and, in the event, Rachel Reeves did nothing on Isas. But prepare to have this quarrel all over again in the autumn because the documents confirmed the Treasury is still considering a cap on cash within an individual’s £20,000-a-year allowance. Continue reading...
