“Restaurants and pubs ‘face collapse’ during extended England lockdown”

Jun 14, 2021 | In the news

An independent (financial adviser’s) view

When the smoking ban came in, I remember every pub and restaurant proclaiming that it would put them out of business; and many, including many an MP crying personal freedom and choice. You’d feel differently if dying, or watching a loved one dying, of a smoking-related disease. Hard now to imagine eating or drinking in a fug of smoke, as it will be, I predict, to think of being close enough to breath in a fellow diner, drinker or festival-goer’s Covid breath in years to come. Much as the expression irks, it is now, and will be for the foreseeable, the new normal.

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“Reeves backs down on plans to cut ISA limit”

“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.

“Two thirds of adults are worried about care costs in later life”

“Two thirds of adults are worried about care costs in later life”

A dichotomy/dilemma here. Two thirds of adults are probably right to be worried about the cost of care, which is huge and getting more so. Many of those currently worrying will have had first-hand experience with their own parents, which will have focused their minds on their own possible future.

“Why most won’t need to worry about IHT on pensions”

“Why most won’t need to worry about IHT on pensions”

Many a government has made the point that only a minority will be affected by this or that tax change or tinker. It is, however, both perception and aspiration which are important, and they are what makes IHT the ‘most hated’ of all taxes – along with all the others, of course.