Savings providers vow to fight any attempt to cut cash Isa limit to £4,000

That’d be really shitty.

I’d put my cash into a QMMF and then consider relocating 

Classic labour. Never helping anyone who has anything at all already.

Labour have already lost my vote for 2029. I lent Labour my vote to guarantee to get the Tories out but it’s been abused.

Do I regret the vote? No. The Tories needed to get fucked by any and all means possible.

Are things better under Labour right now? Yes, but the bar was on the floor.

Who will I vote for next? I don’t have a fucking clue.

I just want to bang my head against the table and scream at them.  We’re not failing to invest because we’re bunging all our money into a cash ISA.  We’re failing to invest because NOBODY HAS ANY DAMN MONEY

Disgusting policy to increase tax if it happens. Majority of people don’t put in £20k I understand but £4K is such a stark cut, unnecessary and damages those saving for homes

People forgotten about all this defence spending rise already then.

she’s a dogmatic lunatic without the knowledge nor the experience, disingenuously and over sold to us as some sort of world class economist. A known liar and cheat (albeit a much smaller scale than allot of conservative MPs) who milks freebies and expenses while holding a disdain for those who need support. Someone who has personally tied Labour in knots and caused potentially unfix-able damage to future electoral prospects. She is a real testament to how dreadful the political class in this country have become.

I’ve posted about it before – they don’t have an absolute scooby about how to run an economy.

People in the UK are generally very risk adverse – they save all their days, and want to see that money sat in their bank account earning some interest. They don’t care whether they could earn more investing or not, they only care about the *guaranteed return* of a cash ISA. At the end of the day, a S&S is still a risk that many people are not willing to take.

How about taxing the fucking rich and finally starting to collect taxes from giant corporations and companies funneling money to the USA?

There’s so much ignorance in this thread.

– It’s not a cut to the TOTAL limit, just the yearly allowance.
– It wouldn’t increase tax for anyone on current savings
– Cash ISAs are a far inferior savings instrument for most people under 55 who aren’t using it for an emergency fund or short term spending.
– Its a fucking RUMOUR

***IF*** this becomes a thing, labour will lose my vote for the first time ever.

I’ve worked hard and clawed my way to getting slightly ahead of the curve, fuck them if they think their going to pull me back down. 

Write policies that lift the bottom up, not pull the middle down.

So high earners like me who can afford more risky ISA investments and don’t need clear lines of cash are fine.

Those who have worked their ass of to get some money together and want to use a teeny bit of tax relief whilst maintaining lower risk are hurt?

Like what?

This is why there’s a national piss shortage, the government keeps taking it.

I’m much more risk averse than I was a few years ago, and the attractive rates on cash ISAs have been a blessing. I’ll be furious if the annual limit drops to £4k.

Perhaps they want to use your savings to prop up the market while they exit

Another reminder that so far this is entirely media speculation and industry proposals.

Was this a policy overheard by a guy called Gavin, shouted down a long corridor by a rather well dressed gentleman called Giles?

Because a lot of these policy news articles are absolutely bullshit.

‘Understood to be considering’ what burden of proof is that?

I heard she was considering a chicken pot pie for supper, clearly hates British beef.

When the people who claim to be representing the working people start coming after their ability to save, when most people already struggle to save is… wow.