Laura Suter: Why did the Junior ISA allowance double in the Budget?
Laura Suter: "No-one had called for this move ahead of time, no-one had flagged that the Junior ISA’s success was restricted because people couldn’t save enough."
Rishi Sunak’s Budget speech was very much centred on helping businesses through the coronavirus pandemic, writes Laura Suter, so why, out of the blue, did he choose to double the Junior ISA allowance?
It was expected to a big Budget, with lots of announcements, lots of spending and a few rabbits out of the hat. Then the Chancellor was canned, a newcomer waded in, Coronavirus hit the UK, stock markets...
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