“NS&I saving rates slashed”

Sep 25, 2020 | Savings

An independent (financial adviser’s) view

This does seem a rather bizarre decision. We know Rishi, Boris & Co need to get as much into the coffers as they can in the next year or so to pay for All This.. You’ll still have an, albeit reduced chance of getting something from Premium Bonds, which account for £80bn-worth of loans to the government. But Income Bonds paying 1.15% will reduce to just 0.01%. I’d predict many £bns will be pulled out, more than likely never to return from bank accounts (also paying 0.01%), under mattresses or sound investments recommended by financial advisers…

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.