“Theresa May popularity SHOCK: Approval ratings SOAR as Jacob Rees-Mogg bids to oust her”

Nov 24, 2018 | In the news

An independent (financial adviser’s) view

Eddie the Eagle, Tim Henman, Susan Boyle…we Brits love an underdog, don’t we? We even voted the useless John Major in for a second term when we saw what a hard time he was getting from both Brexiteers and Neil Kinnock (Jeremy Corbyn’s younger, elder brother, kids). So it should be no surprise that the more the ghastly Rees-Mogg & Co. turn the screws, the more popular embattled Theresa becomes. Has there ever been a Christmas election? First time for everything, Mrs. May.

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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.