As warnings about an impending stock market 'correction' swell, Rachel Reeves once again flies a kite about halving Cash ISA's allowance, to 'encourage' savers to move funds into the stock market...
As the saying goes, 'every market requires a fool' when people want to cash out & Reeves is setting up the public to buy the shares investors want to shed in light of the likely stock market turmoil.
She is not on our side, she's in the pocket of the investment bankers!
Rachel Reeves’ ‘save less to invest’ policy could be brilliant for ordinary Britons – or a disaster | Hilary Osborne https://www.theguardian.com/commentisfree/2025/jul/29/rachel-reeves-save-less-to-invest-policy-brilliant-or-disaster #Banksandbuildingsocieties #RachelReeves #Investments #CashIsas #Politics #Savings #Shares #UKnews #Money #Isas
The Treasury is still wanting to reduce Cash ISA limits (some bankers want it as allow as an annual £4,000), because they think this will direct money into UK stocks & shares... but are they asking consumers what they think? Of course not, just their chums in financial services.
Will this redirection work?
Unlikely!
People choose cash ISAs because they don't trust financial services firms, or are (rightly) risk adverse.... that money may go elsewhere but not into shares!
#cashISAs
h/t FT
