There was good news for first-time buyers and the ISA allowance represents OK news for savers...but there wasn't much else. Advisers give their verdicts.
Darius McDermott, MD, Chelsea Financial Services "We welcome the inflation-proofing of ISA limits. Crucially, this announcement re-affirms the Chancellor's commitment to ISA saving, and ensures that future allowances will not be eroded by inflation. But let's be clear; this is no great boon for UK savers and investors. Linking the ISA allowance to inflation will only serve to keep the tax wrapper from obsolescence, not make it more attractive investors. If the Chancellor is serious about getting the UK saving and investing again, he will need to raise ISA limits substantially in the ...
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