Death of Isas - papers 26 October

From annual net sales of £11bn for equity Isas in 2000, the latest monthly figures show a net outflow of cash as investors unsure of stock markets see rising rates on cash deposits become more attractive, says The Times Net sales of £-23.5m in September compares with £259.5m in the same month one year ago, the paper writes. Sales through the past quarter were 10% of the level achieved in the same period in 2002 and 2003. The Times quotes Richard Wastcoat, managing director Fidelity Investments, calling on the government to restore tax relief on ISAs in the upcoming Pre-Budget anno...