Shares are down this week, not just in what were the better cake and lunch stops and not just in the soon-to-be Little Old United Kingdom; apparently due to worries about ‘a combination of rising interest rates, tariffs and inflation’. Truth is, no-one really knows until after the event why they go up or down. They do both, but, if you hang on in there, they go up more than they go down. So hang on in there and hang on to the fact that we’re still pretty good at Royal Weddings. Although there’s not much competition these days.
“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.
