Pre-Budget: ISA regime extended, CTFs get more money

This means maxiumum allowable cash ISAs will remain at £3,000 until 2009, Gordon Brown suggests. Additionally, the government will commit to doubling the amount of money it puts into CTF accounts when children reach the age of 7. This would see those qualified to receive £500 when opening a CTF obtaining an additional £500, and those qualified for £250 getting another £250 at age 7. Brown has also pledge to halve the number of adults without bank accounts, as this currently causes problems such as acting as a barrier to joining the labour force. The government will work with the...