The cash pile the government is fighting keeps growing

Despite rising interest rates and some lofty aims from the government to get more people investing, millions of Brits are still clinging to cash savings – and in many cases, leaving their money sitting in accounts earning absolutely nothing. Take the recent rush into Cash ISAs. In March, savers piled a whopping £4.2bn into these tax-free accounts – 31% more than the same time last year, according to Bank of England figures. That kind of spike isn't unusual in the run-up to the tax year end, but this year it was supercharged by rumours that the government was planning to cut Cash ISA allo...