HMRC notes record ISA surge

Preliminary numbers through the third quarter of the 2007/8 Tax Year revealed significant increases in most areas. In the first three quarters of that period, savers investors subscribed the most money into ISAs since the scheme was created. More people placed money in mini stocks and shares ISAs than ever before, with 1.4 million accounts subscribed to; an increase of 7.6pc from a year earlier. More cash ISAs were also opened than in the past, with over 9 million investors choosing the ISA for their cash savings. Meanwhile, the number of maxi ISAs subscribed to remained on a par, w...