Investment firms say scaling back tax breaks would help UK stocks, but banks and public are wary of change
Business live – latest updatesTreasury ministers are sounding out City bosses on cutting the £20,000 tax-free allowance on popular cash Isas, as they consider how to incentivise investment in UK stocks and revive the London Stock Exchange.
The City minister, Emma Reynolds, called a meeting with senior executives from six of the UK’s largest banks and building societies before what could be one of the biggest shake-ups of individual savings accounts (Isas) since their creation in 1999 under the then Labour chancellor, Gordon Brown.
Continue reading…Cash Isas, Isas, Savings, Banks and building societies, Business, Money, Financial sector, Banking, UK newsRead More
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