So we’ve had both the Biden Bounce and Vaccine V this week as ‘stock markets around the world added £billions to the value of shares’. Guess they, like all of us, are desperate for some good news. I almost found myself excited about the return of ‘Strictly’, until I’d watched five ghastly minutes of it (other household opinions are available). What the BB and VV prove is that, if you ‘wait until things settle down a bit’ before investing, you’ll never win, as funds can rise as quickly and unexpectedly as they fall. You’ve got to be in it to win it. As someone once said.
“Reeves backs down on plans to cut ISA limit”
So it looks as though Cash ISAs are safe for the moment (FTM – is that a thing?) Rachel has apparently ‘bowed to pressure’ from the banks and building societies and decided not to reduce the allowance to £4,000 for cash and to keep the £20,000 parity with Stocks and Shares ISAs. Bowed also to common sense, I’d say.
