PBR - Disappointment over lack of ISA action

It says the changes to ISA structures, amended in the 2007 Budget, do not go far enough and called on Darling to revise regulations further to encourage saving. In changes to be introduced on April 2008, people will be able to save up to £3,600 in a cash ISA and up to £7,200 in a stocks and shares ISA – within an overall annual savings limit of £7,200, up from £7,000. But Nationwide chief executive Graham Beale says he is disappointed the Chancellor did not go further to encourage and promote savings. “We would like to see ISAs made more flexible and to see the Chancellor equalise cash...