The OBR, the Office of Budget Responsibility, is stuffed full of economists. The good news, if you’d like some straws at which to grasp, is that most economists, for all their graphs and stats, don’t have a clue what’s going to happen. How many predicted the banking crisis, and then thought austerity was actually a good idea? Virtually none and most, is the correct answer. So maybe this time around it’s the few positive thinkers to whom we should be listening, those who say it won’t be as bad as we think and there is hope of prosperity for all, despite war, inflation, food poverty and rocketing fuel prices. I’ll let you know when I find them.
“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.
