Here’s an optimistic note on which to end the week. Optimistic financially at least. Stock markets fell faster than they ever have a couple of weeks ago, but Rothschilds think we’re through the worst and that there could be a rapid recovery as infection rates start to slow; which they reckon could be in ‘weeks rather than months’. Not much comfort if you’re on a ventilator in the Excel Centre, but even talk of a green shoot is as good as a full bloom atm.
“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.
