Budget: ISA limit raise branded 'pathetic'

The ‘shameful’ increase was significantly below a hoped for rise of up to £3,000, an optimistic figure that would have exceeded wage growth and inflation. Jason Britton, of fund manager T.Bailey, branded the rise ‘pathetic’. "This is the first rise since ISAs were introduced in 1999. It means they've been falling in real terms, making them less of an incentive for people to make prudent provision for their future. Had they gone up in line with inflation each year since their introduction, ISA allowances would today be in the region of £8,300. However, we think they should have been i...