ISAs investing in the poor will have increased limit

An independent report commissioned by David Cameron, published today, recommends ways companies, funds and individuals can reap rewards for backing schemes to prevent children leading lives of crime and alcohol and drug abuse. One idea is to involve the 20m people with Isa accounts by offering a £200 rise in the tax-free savings limit with an early intervention Isa, according to the Financial Times. The Junior Isa, which encourages families to build up savings for when a child reaches 18, could also be invested in the projects. Profits will come from the resulting lower cost of ben...