The last time wages got too high was when the trades unions were working on the ‘levelling up’. In strongholds such as car-making and newspapers, it was automation and technology which ultimately broke their hold. And it could see off Boris’s ‘boost pay and level up’ strategy too. Restaurants, especially the fast variety, won’t pay through the nose for long for staff, just as their punters won’t want to pay more for rubber chickens. So the way they’re cooked, ordered and served is already needing less and less jobs. And the levelling back down begins.
“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.
