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…
“Majority of IFAs have no plans to use AI in their practices”
I remember sometime in the 90’s, attending a presentation by a successful adviser providing helpful hints to an audience of wannabes, young and old.
