Remember that rather silly song?: ‘Everybody’s good at doing something, and I’m good at cooking crumble’. No? Well, we are, it seems, good at something but not something we want to be good at. Online fraud in the UK has increased faster than in other major economies with companies are losing £ms a year, either directly or by having to compensate scammed customers. And the problem is that the crooks are always one step ahead of the cyber security guys. I’d guess many of them are cyber security guys who’ve moved to the dark and more profitable side and that tracing them is pretty much impossible. Having said that, I was talking to someone who’s recently worked in a Regent Street store, where gangs routinely walk in, blatantly clear rails of designer gear and run out giving the finger to the CCTV. In the words of another song, Somethings Gotta Change.
“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.
